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Unemployment and Foreclosure in Palmdale
From Brian Watt | 03:19
Long-term unemployment leads to foreclosure for a family in Palmdale, CA.
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- Unemployment and Foreclosure in Palmdale
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- Brian Watt
The foreclosure crisis is moving from sub-prime mortgages and other complex loans to the unemployment rolls. Cesar Hernandez didn't have a sub-prime mortgage or a risky loan to cover his 3 bedroom house in Palmdale. But he lost his job almost a year ago and hasn't worked since. He tried to fight off foreclosure with no success. A visit with Hernandez as he packs up days before his family must be out of the house.