The Face of Foreclosure
Terry Savage talks with three families hit with devastating loss
Monday, Mar 16, 2009 | Updated 9:49 AM CDT
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It's not just the numbers, it's the people behind them.
Every day, more than 100 Chicago area homeowners receive a foreclosure notice. It's an epidemic that is accelerating, with the impact spreading through all neighborhoods -- from inner city to middle class to wealthy suburbs.
Some of those foreclosures are on empty condos or subdivision houses, where "flipping" real estate seemed to be the sure road to riches only two years ago. But the vast majority of foreclosures hit young families, or middle-age couples, or first-time homebuyers -- all in shock at losing their piece of the American Dream.
Terry Savage now shares The Savage Truth: It's time to stop blaming and start acting sensibly. If we don't, the foreclosure crisis will forever change America.
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