KOFY ABC7 News On KOFY 7PM September 12, 2013
Crisis is by no means over in one city. Yes. Homeowners still in dire straits, city leaders have a plan calling for drastic action, some are worried about the consequences. Wayne fraedman is live tonight to explain why. Wayne . Its a new twist for putting leverage on banks not by individuals this time, but by a city government. It would be a first. In richmond roughly half of the homes in the city are worth less than paid for them. By the time its the last week of march, of the month, were stretched. Patty and her husband paid 425,000 for this home, its now lost more than half of the value. To...