Long Time Owners Losing Homes To Subprime Foreclosures

WTOV-TV Channel 9 in Steubenville, Ohio reports on an 85-year-old Clarington woman who has lived in her home for 40 years and was left with no choice but to move out because she couldn't afford the mortgage payments. The woman decided to refinance her home mortgage to pay for repairs, but the mortgage payments became unaffordable. Go here to watch the WTOV Channel 9 report, or to read the online report, see Elderly Woman's Home Being Taken Away.

KGO-TV Channel 7 in the San Francisco Bay area reports on a 74-year-old retired operating room nurse who has lived in her home for 39 years. The home is now in foreclosure, thanks to a sea of paperwork and a subprime mortgage loan leaving her unable to make the $2700 monthly payment. Fo more, see Oakland Subprime Victim Fights Back In Washington (74-Year Old Faces Foreclosure).