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October 21, 2009

Rehabbing Foreclosed Homes

Kevin Chandler is a former state legislator with a new job: he is rehabbing foreclosed homes. He works with a friend from high school - a furloughed pilot - to bring the homes up to code. He says that when he first walks into a home, there is almost always a wall punched in near the bedroom, testament to the stress the former owners were under. He has seen a lot of changes in his work, even in the last year. He used to work on inner city homes, borrowers impacted by adjustable rate mortgages. These days he is working regularly on suburban homes. It's a business that's booming these days. He joins Dick to talk about his silver lining to the recession.

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