Saturday, April 2, 2011

Preview: The Next Housing Shock - 60 Minutes - CBS News

Preview: The Next Housing Shock - 60 Minutes - CBS News: "As more and more Americans face mortgage foreclosure, banks' crucial ownership documents for the properties are often unclear and are sometimes even bogus, a condition that's causing lawsuits and hampering an already weak housing market. Scott Pelley reports, Sunday, April 3, 7 p.m. ET/PT."


Do you own your own home? HOW do you know? If you bought a foreclosed home at auction, you need to watch this. If you are being foreclosed on, you need to watch this. If you are already evicted, you need to watch this. Get together some people and watch this, send an email reminder and share the information. America's right to own property, the right to transactions without fraud is crucial. We are losing freedoms daily. This affects you. In past posts about foreclosure we have talked of the fraud, the robo signing, and notary complaints. Use search to find information.

From 60 minutes video: As more and more Americans face mortgage foreclosure, banks' crucial ownership documents for the properties are often unclear and are sometimes even bogus, a condition that's causing lawsuits and hampering an already weak housing market. Scott Pelley reports, Sunday, April 3, 7 p.m. ET/PT.

Read more: http://www.cbsnews.com/video/watch/?id=7361457n#ixzz1IQDbG06j


Video Trailer:


1 comment:

Reverse Mortgage Chicago said...

In the case of some senior homeowners, foreclosure can be avoided through the reverse mortgage process. Since reverse mortgage proceeds can pay off an existing first mortgage, if payments are late, a foreclosure may be avoided all together.

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