Foreclosure Situation News Today

it either. kate baldwin looks ahead. >> reporter: if it does pass in the house, it has the potential of hitting a huge road block as soon as it gets to the senate. at the same time, that house speaker john boehners office was putting out this release, the good news about the cost estimate, senate democrats released a letter at almost the same time with 53 signatures on it saying they dont support the plan in the senate and really essentially making clear that it cannot pass. so while a...

Why was this the critical first move. >> because he ep bodies government as usual, how its been in this community for many years. and by that, i mean the nerve of a mayor to propose a budgeting with the type of economic times that weve had here in this community that we have among the highest unemployment rate, it the highest in the state of florida. its almost -- its been running close to 40% higher than the national average. >> the foreclosure situation, as well. >> foreclosures were in the to...

>> if i am in foreclosure, im going lose value in my house. if i have another foreclosure, im going have additional value. it compounds to the point and multiple foreclosures, you see a property values in the entire state begin to be depressed. >> susan says she has owned a home since 18 and have seen many twists and turns in the market. in recent years she has grown increasingly worried about other peoples foreclosures on her investment? >> its very unfortunate that these individuals are going ...

House, the foreclosure situation, and i said you have hit pay dirt. >> thats incredible, incredible they had the foresight to make phone calls without shipping it out. thanks for coming in. i appreciate your telling the story. that wraps up this hour for me, not just for today but the weekend. i appreciate you spent the time with me. hope you have a great weekend. ill see you back at noon monday, 9:00 a.m. out west. i hope you have a phenomenal weekend. up next "andrea mitchell reports." among...

Now from new york to break all this down for us. this is not good news, not comforting at all. >> no, not at all, fredricka. its still a really huge problem in this country, no doubt about that. there are a lot of people who know that. this is coming from a congressional oversight report thats being released today. theyre saying the obama administrations plans to help out people who are dealing with foreclosure is not going as far as they would have liked. the plan will only help about 1 million...

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