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California’s Vallejo-Fairfield region is one of the nation’s hardest hit by the real estate crash. It ranks fifth highest in the United States for foreclosures. During just this past August, one of every 70 homes in the area fell to foreclosure, according to RealtyTrac, a firm that monitors foreclosed properties. Some of those households were victim to predatory lending scams. Making Contact’s Tena Rubio takes a look at MEDA, a program providing support and financial literacy so borrowers don’t fall into lending traps.
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Piece Description
California’s Vallejo-Fairfield region is one of the nation’s hardest hit by the real estate crash. It ranks fifth highest in the United States for foreclosures. During just this past August, one of every 70 homes in the area fell to foreclosure, according to RealtyTrac, a firm that monitors foreclosed properties. Some of those households were victim to predatory lending scams. Making Contact’s Tena Rubio takes a look at MEDA, a program providing support and financial literacy so borrowers don’t fall into lending traps.
Broadcast History
Segment of Making Contacts program #40-09 "How We Survive: Predatory Mending "
Intro and Outro
INTRO:California’s Vallejo-Fairfield region is one of the nation’s hardest hit by the real estate crash. It ranks fifth highest in the United States for foreclosures. During just this past August, one of every 70 homes in the area fell to foreclosure, according to RealtyTrac, a firm that monitors foreclosed properties. Some of those households were victim to predatory lending scams. Making Contact’s Tena Rubio takes a look at MEDA, a program providing support and financial literacy so borrowers don’t fall into lending traps
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