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A Foreclosure Fiasco

This article is more than 13 years old.

Home foreclosures continue to be a problem in most Massachusetts communities in 2008, and many economists expect it's only going to get worse. We visit one city where foreclosures are blamed for destabilizing neighborhoods and harming the local economy.  Is it (as one analyst says) a "perfect storm," where the housing market slump, the credit crunch and predatory lending have combined to create a wave of debt and abandoned buildings?


This program aired on January 11, 2008. The audio for this program is not available.

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