December 22, 2009
Milo and Lin White with thier daughter Makele. Milo commutes from
Utah to Arizona because the family cannot sell their Glendale home.
Photo: Peter O'Dowd.
( Phoenix, AZ ) Nearly 11 million Americans are underwater on their mortgage. That's a lot of people who borrowed money from the bank and then watched the value of their homes take a terrifying dive. In Arizona, the crisis is acute. And Lin and Milo White know the pain of negative equity as well as anyone. KJZZ's Peter O'Dowd spent some time with the Glendale couple and learned how their mortgage has literally torn the family apart.
[ Peter O'Dowd ]
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Title: Family Hopes to Shed Upside Down MortgageAuthor: Peter O'Dowd
Publisher: KJZZ 91.5 FM
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