Radio show to discuss mortgage crisis

In just the first eight months of this year, 440,000 private dwellings have been auctioned on courthouse steps, according to the research firm RealtyTrac.

The chaos in the mortgage market threatens not only home ownership for many families ‘ especially those who were lured into deals that could not likely be supported over the long term ‘ but also builders, real estate agents, furniture-makers and a host of others in our interconnected economy. Real estate accounted from 46 percent of job gains during the dizzying run-up of the market in 2001-2006, according to Time magazine’s Sept. 24 edition.

What is the fallout in Warren County, and what can local homeowners do to defend their ownership in this time of financial stress?

Those will be among the questions discussed by First National Bank president Tom Vance in a ‘Focus’ radio program this week on WCPI 91.3 FM, the public radio service of the Warren County Education Foundation. The half-hour program, with host Bill Zechman, will air at 6:03 p.m. this Tuesday, 6:08 a.m. Wednesday, and 1:03 p.m. Thursday.