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KETC | Living St. Louis | Mortgage Crisis in Granite City

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Uploaded by on Jul 8, 2008

From KETC, LIVING ST. LOUIS Producer Patrick Murphy visits Granite City, Illinois, a community hard hit by the mortgage crisis—with as many as 120 foreclosure cases each month. Illinois has a judicial foreclosure system that gives you more time before losing your home. The foreclosure begins with a lawsuit and has to be approved by a judge which can take as long as a year. If you're facing a mortgage crisis, the most important thing to do is to ask your lender questions and seek help.

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