August 12, 2008
Living St. Louis Producer Ruth Ezell examines the mortgage crisis in Jefferson County, an area which experienced more than 900 foreclosures in 2007 alone. So far in 2008, there have been nearly 600 foreclosures. Jim Yates of Pevely is a single father and one of the county’s homeowners facing foreclosure. Over the years, Yates had been refinancing to make ends meet, but now faced with a failing septic system, he is seeking assistance from the Economic Development Corporation of Jefferson County (EDC).