As reported by ProPublica’s Jeremy Kohler and Haru Coryne, more than 100 homes with PACE loans in metropolitan Kansas City and St. Louis are at risk of being sold at public auctions after their owners fell at least two years behind on payments, according to a ProPublica analysis. Of those homes, at least 29 are slated for sale at auction this year.
Read the full story from ProPublica
David Stokes joined The Gary Nolan Show and The Pete Mundo Show to discuss what PACE loans are, the issues with them and why oversight is vital when the government decides to outsource to the private sector.
