Detailed text transcripts for TV channel - MSNBC - 20101014:18:02:00
May get three, four, five or six months to stay in her home before final foreclosure because the banks are going over the documents over and over again making sure everything was done correctly. we have to remember that one-third of all home sales in august were of distressed properties. that is foreclosures or short sales. that's all grinding to a halt. when we get the numbers out of what's selling in the housing market, it's going to drop off a cliff. you're not going to have the distressed properties selling. is that good or bad for the market? you could make two arguments. without the dist...