Nonprofit Bank Buys Foreclosed Homes, Then Sells Them Back to Former Owners

MAKING SEN$E -- October 20, 2010 at 4:49 PM EDT

Nonprofit Bank Buys Foreclosed Homes, Then Sells Them Back to Former Owners

We have the third installment of our Making Sen$e foreclosure series on Wednesday's NewsHour. The focus: Boston Community Capital, a privately and publicly funded "community development finance institution."

In this web video exclusive, we talk to Elyse Cherry, CEO of Boston Community Capital, about how and when BCC could be a reasonable alternative for homeowners who are in foreclosure trouble.

For more, watch the first (Show Me the Mortgage) and second (Boston Group Helps Homeowners 'Stand Up, Fight Back' Against Foreclosure) installments in the series.

This entry is cross-posted on the Making Sen$e page, where correspondent Paul Solman answers your economic and business questions. Follow Paul on Twitter.

Beginning October 24, 2012, PBS NewsHour will allow open commenting for all registered users. We hope that the elimination of our moderation process will enable a more organic discussion amongst you, our audience. However, if a commenter violates our terms of use or abuses the commenting forum, their comment will be removed. We reserve the right to remove posts that do not follow these basic guidelines: comments must be relevant to the topic of the post; may not include profanity, personal attacks or hate speech; may not promote a business or raise money; may not be spam. Anything you post should be your own work. The PBS NewsHour reserves the right to read on the air and/or publish on its website or in any medium now known or unknown the comments or emails that we receive. By submitting comments, you agree to the PBS Terms of Use and Privacy Policy, which include more details.