Photo: #Foreclosures are at record levels in the Twin Cities. Many renters are not aware that they are permitted to remain in their apartments for a period of months, even after the landlord goes into foreclosure.
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Foreclosures are at record levels in the Twin Cities. Many renters are not aware that they are permitted to remain in their apartments for a period of months, even after the landlord goes into foreclosure. (MPR Photo/Jess Mador)

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Foreclosures keep the economy from recovering

Broadcast: Midmorning, 07/12/2011, 9:06 a.m.

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Minnesota has surpassed 100,000 foreclosures since the recession began. Now sustained unemployment is causing a new wave of mortgage defaults nationwide.

Guests

  • Prentiss Cox: Associate Professor of Law and former Assistant Attorney General of Minnesota.
  • Barry Zigas: Director of Housing Policy for Consumer Federation of America and former Senior Vice President at Fannie Mae.

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