More from 99ers: Unemployment Leads to Foreclosure
Updated 4:19 p.m. Given today’s news that foreclosures jumped 9 percent in July, we’ve posted the last of our 99er interview outtakes, in which Faith Phillips tells a striking story: She’ll be paying off condo fees on her foreclosed house for years, mainly for the other side’s legal fees.
The condo association hasn’t responded yet to confirm or deny. If they do respond, we’ll post. The dispute’s mediator, however, confirmed the substance, if not the sum, of Faith’s account. (He didn’t remember the exact numbers.)
Updated 2:22 p.m. This week, we’re sharing outtakes from our interviews with “99ers” — those who have been unemployed for more than 99 weeks — from our recent story on the topic. In this second video, 99er Gregg Rosen recounts how he lost his savings in Bernie Madoff’s Ponzi scheme just months after losing his job.
This entry is cross-posted on Paul Solman’s Business Desk blog.