Financial Times FT.com

US foreclosures take their toll on homeowners

By James Politi in Washington and Suzanne Kapner in New York

Published: March 11 2010 19:18 | Last updated: March 11 2010 19:18

It does not take long for Dan Claggett, head of the foreclosure project at Legal Services of Eastern Missouri, to come up with an example of the toll the US housing crisis is still taking on many Americans.

“It’s devastating,” says Mr Claggett. “We helped an 85-year-old woman who couldn’t get a loan modification. She lost the home that she lived in for 35 years”.

You have viewed your allowance of free articles. If you wish to view more, click the button below.

Read this