Times Square Bomb Suspect a Foreclosed Homeowner
I think it’s a bit above my pay grade to speculate on the broader sociological meaning of this. But for what it is worth, the arrested subject of this past weekend’s Times Square bomb plot is a homeowner in the midst of foreclosure.
[Faisal Shahzad] defaulted on a $200,000 mortgage on his Connecticut home and the Shelton property is now in foreclosure, according to court records. The foreclosure records show Faisal Shahzad took out the mortgage in 2004, and that he co-owned the home with a woman named Huma Mian. Chase Home Finance LLC sued Shahzad, 30, in September to force the foreclosure. The case is pending in Milford Superior Court.
Around 7,000 homes in Connecticut were in the foreclosure process during the first three months of the year.