Storytelling: Faces Of The Recession: 15nps_kwgmj08_1recession

It was supposed to be their dream home, but it's now a housing nightmare. Mike and Shelley Willis's home has been framed when their builder, Monarch Homes, filed bankruptcy and all work was halted. Liens have been placed on the home by contractors who were hired by Monarch and had not been paid. The Willis' cannot take out any more loans, and do not have the cash to complete the construction.

It was supposed to be their dream home, but it's now a housing nightmare. Mike and Shelley Willis's home has been framed when their builder, Monarch Homes, filed bankruptcy and all work was halted. Liens have been placed on the home by contractors who were hired by Monarch and had not been paid. The Willis' cannot take out any more loans, and do not have the cash to complete the construction.