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In Woodbridge, Foreclosures Hit Hard

The foreclosure crisis is striking Prince William County, Va. particularly hard and homeowners there are demanding banks work with the community to stem the tide.

Homeowners in Woodbridge are furious with big banks. Many families report that banks have lost their payment information or their mortgage papers, yet the financial institutions still proceed with foreclosures anyway. On top of that, 6,000 families are behind on their mortgage payments, even though interest rates are at historic lows.

Publication Date: 
Monday, October 31, 2011
Source: 
WAMU 88.5
News Media Category: 
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