On the Ground, In the Heart of the Foreclosure Crisis
6 October 2008 - 7:00am
This video from KCET takes a look inside one of the formerly fastest-growing parts of the country as it grapples with a flood of foreclosures and abandoned properties.
"For the past few years, the Inland Empire in Riverside County has been one of the fastest growing counties in the state - home to a major housing boom. But now the Inland Empire is pretty much the poster child for the foreclosure crisis. In the newer developments, house after house sits vacant - either up for auction, for sale by a bank or going for what’s called a “short sale” which is when the owner owes more than the house is worth."
Full Story:
Foreclosure Alley
Source:
KCET, October 3, 2008
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