Facing the Mortgage Crisis
Meet four sets of homeowners living right here in the Bay Area that have experienced what it's like to go through a foreclosure. They could be your best friend, or co-worker, a family member, or your neighbor. None of them expected to lose their homes. With so many homeowners falling into foreclosure because of lost jobs or reduced hours, we'll also introduce you to an organization around the state that can help the unemployed find work. Last but not least, we tackle the topic of foreclosure scams and teach you the warning signs to look out for so you don't fall victim yourself.
The number of foreclosures in Florida has quadrupled since 2006. In Bradenton and Sarasota alone, foreclosures rose 600 percent between 2006 and 2008. This week on Florida Matters, we're examining the impact of foreclosure on our community. We'll answer listener-submitted questions about mortgage problems and connect you with resources to help if you're facing the prospect of losing your home.
Mary Frances Cormican says she and other realtors are busy selling homes right now but are having difficulty with an influx of short sales on the market. (1:11)
Cormican explains how she thinks the Save Our Homes property tax cap exacerbated the housing bubble a few years ago. (1:45)
Anthony DiMarco describes how some lenders are tightening requirements for mortgages now and how the mortgage lending market is changing. (2:26)
Cormican and Bill Sanchez discuss what impact affordable housing created through the Community Reinvestment Act has had on the housing crisis. (2:22)
If you believe you are a victim of a foreclosure scam, contact the Florida Attorney General's consumer hotline: 1-866-966-7226.
Tuesday at 6:30 PM | Sunday at 7:30 AM on WUSF 89.7
Monday at 10:00 PM on WSMR 89.1
Carson Cooper is a familiar voice. He has become a favorite of WUSF listeners as the local host of NPR's "Morning Edition" on WUSF 89.7 since he took the job in 2000. Carson has worked in Tampa Bay radio for more than two decades. He has been the host of WUSF 89.7's Florida Matters since its launch in 2006. During that time he has reported on a variety of issues of importance to the community, including growth management, education, transportation, affordable housing, taxation, public health and the environment.
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