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A Chicago Foreclosure Tale

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A Chicago Foreclosure Tale

Economy

A Chicago Foreclosure Tale

A Chicago Foreclosure Tale

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  • <iframe src="https://www.npr.org/player/embed/18573134/18573108" width="100%" height="290" frameborder="0" scrolling="no" title="NPR embedded audio player">
  • Transcript

Retirees Warren and Mildred Johnson's dream of owning a home came true in 2005. Developers came to their neighborhood advertising cheap property. Then their mortgage rate skyrocketed and the Johnsons lost their South Chicago home. Alex Cohen talks to Warren Johnson about what it's like to go through foreclosure.