Chicago Access Network Television (CAN TV)

For immediate release: July 14, 2009

Community Forum: The Foreclosure Crisis

(Chicago, IL) – Almost 19,000 Chicago families lost their homes in 2008 because of the mortgage crisis. And the experts predict that it's going to get even worse this year. In fact, almost 30,000 homes could be foreclosed this year alone.

We now understand that the problem is more than just people not being able to pay their mortgage. It has a lot to do with the kinds of mortgages that were being offered, and the consumers' lack of understanding about what they were signing.

On this edition of Community Forum, reporter, Ken Davis, talks with the National
Training and Information Center about an influential study they recently completed on Chicago's mortgage crisis, and with Neighborhood Housing Services, an organization that helps people with troubled mortgages find practical solutions.

Saturday, July 18 at 8:30 PM on CAN TV21
Tuesday, July 21 at 8:00 AM on CAN TV19

Click here to watch the video online.

CAN TV provides coverage of events relevant to the local community and gives every Chicagoan a voice on cable television by providing video training, facilities, equipment, and channel time for Chicago residents and nonprofit groups. CAN TV’s five local, noncommercial cable channels CAN TV19, 21, 27, 36 and 42 reach more than one million viewers in the city of Chicago. For more information call (312) 738-1400 or visit www.cantv.org