Another nugget from Matier & Ross this a.m.: Newly seated District 10 Supervisor Malia Cohen is one of the many in the country who was the victim of predatory lending, and her $581,000 condo has been lost to foreclosure.
As they report, she bought the two-bedroom condo at 501 Crescent Way with no money down in 2006, and she moved out on January 4, just before being sworn in, despite saying before the election that the foreclosure had been "rescinded."
"It was underwater, so I let it go," Cohen says, and she is now renting an apartment in the district . Sad.