A foreclosed home in St. Paul that will went up for a sheriff's auction. Local housing experts say foreclosures should be counted only when a sheriff's sale is complete, but a national housing research and foreclosure listing company disagrees. (MPR Photo/Annie Baxter)
Foreclosure crisis and lifeline to homeowners
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A watchdog group reports that the government's primary foreclosure-prevention program, Home Affordable Modification Program, or HAMP, has failed to live up to expectations. Midmorning also offers advice to homeowners who are behind on how to avoid predatory loans and prevent foreclosure.
Guests
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Prentiss Cox: is professor of law at the University of Minnesota. He was an Assistant Attorney General and manager of the Consumer Enforcement Division in the Minnesota Attorney General's office.
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Cheryl Peterson: is the mortgage help center manager for Fannie Mae.
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Amber Hawkins: is Assistant county attorney at the Hennepin County Attorney's Office.
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