Foreclosure Problem Exacerbated By Program Meant to Help

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Vermont has fared fairly well in the foreclosure crisis,
compared to other states, ranking 50th in the nation in terms of foreclosure
rates at the end of 2009 according to RealtyTrac.  Still, over
the last few years, the number of foreclosures in Vermont has more than doubled. And a relatively new federal
program designed to help people struggling with their mortgage payments has
actually caused more problems than it’s solved for many homeowners in the
state. We look at why that is, and what is being done in Vermont to address these issues.

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