Millions of Americans have lost or are on the verge of losing their homes in the United States. As of March 2008, an estimated 8.8 million borrowers, 10.8 percent of all homeowners, had negative equity in their homes, a number that is believed to have risen to 12 million by November of the same year. In September 2010, 23 percent of all US homes were worth less than the mortgage loan. Barack Obama’s administration has fallen short of expectations to ameliorate the travesty. The latest deal gives homeowners in crisis only about USD 2,000 as a consequence of their life being turned upside down. In this week’s INFocus we speak to troubled home owners and experts to discover why the US mortgage crisis is a major contributor to minorities and under privileged Americans being trapped in a system that will not afford them socioeconomic mobility.

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Duration : 0:25:0

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src=”http://i.ytimg.com/vi/NfB3aJEESRU/0.jpg” align=”left”/>The $25 billion deal between the states and major banks to provide foreclosure relief will not provide any assistance for those with federal mortgage loans, reports Bill Whitaker.

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The state of Florida was one of the hardest hit during the housing crisis sending many homes into foreclosure. Mark Strassmann visited some of the houses ahead of the Republican presidential primary to speak with the previous owners who demand attention and assistance from the candidates and elected officials.

Duration : 0:2:36

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Five major banks are close to an agreement to settle the case of deceptive practices during the foreclosure process. Anthony Mason reports at $25 billion, the deal would be the biggest single industry settlement since the 1998 tobacco agreement.

Duration : 0:2:7

tgage/cbs-evening-news-with-scott-pelley-foreclosure-deal-close-to-reaching-25b-settlement#more-623″ class=”more-link”>(more…)

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http://www.SaveMeFromForeclosure.com is the nations leading foreclosure prevention expert. If you are a homeowner in default we can help you stop foreclosure and avoid foreclosure on your mortgage and your home and house. You Have Options & We Can Help is our slogan, and you can get free foreclosure help. We can help you stop foreclosure and save or keep your home, or we can help you avoid foreclosure and sell your home fast.

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If you are behind on your mortgage payment & you want to sell your home fast, even if you have no equity, or you owe more than your home is worth and need help with a short sale, http://www.SaveMeFromForeclosure.com can you help you. We can help find a buyer for your home, or negotiate a short sale with your lender so you can sell your home fast without having to bring any cash to closing.

To get started with a free, no-risk, no-obligation analysis of your mortgage situation if you need to sell your home fast, visit http://www.savemefromforeclosure.com/questionnaire.php or call us toll free at 1-888-472-8380. We can help you avoid bankruptcy & we can help you stop foreclosure fast so you can avoid home mortgage foreclosure.

Duration : 0:1:19

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