August 19, 2008
Living St. Louis Producer Ruth Ezell continues telling the story of the mortgage crisis in St. Louis. Carlos Brooks used to own the Grand View Market on North Market Street. He received an equity loan and shortly after, he fell ill and went into the nursing home. During that period, burglars ransacked his property. Brooks filed for bankruptcy and sold everything he owned for a fraction of its value without seeking legal advice. The FBI says that there are various different types of mortgage scams out there and to be aware of unsolicited offers of assistance.