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Detailed text transcripts for TV channel - FOXNEWS - 20110910:23:53:00

accord to realtytrac, not only have rates shot up near military installations, last year, 8 california cities ranked among the top 20 towns near bases, with the highest foreclosure rates. >> average military family moves every 2-3 years. 1/3 of the military is deployed, or getting new active orders, every three years and with the constant change, it is very difficult for a military homeowner to pick up... >> reporter: what is being done to fix the problem? well, authorities are closing in on banks, and predatory lenders, that have been known to target troops and military support groups have been established to guide families through the maze of home ownership. >> there is definitely things in place to help service members with financial education, in

Foreclosure-rates , Towns , California , Rates , Bases , Cities , Military-installations , Accord-to-realtytrac , 20 , 8 , Military , Orders

Detailed text transcripts for TV channel - FOXNEWS - 20110910:23:52:00

the economic crisis. according to the real estate study for realtytrac, foreclosures on and near military towns went up 32% since the recession compared to 23% nationwide, a rude awakening for our heros returning from fighting where they risk losing their lives, to find out now they risk losing their homes, casey steegel with the news, live in los angeles. >> reporter: the numbers do not bode well for our active duty military men and women. the southwest housing market is hit especially hard as we have reported the last several years, california, nevada and arizona continuing to report the highest foreclosure rates in america and the golden state also has one of the largest active duty military populations in the country. we are talking all branches, the air force, marines, navy, and army. and data suggesting there may be a direct link between the two,

Foreclosures , Towns , Rude-awakening , Crisis , Study , Real-estate , Recession , Accord-to-realtytrac , 32 , 23 , Reporter , City-of-los-angeles