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Detailed text transcripts for TV channel - CNN - 20110214:01:21:00 - Vimarsana News

Detailed text transcripts for TV channel - CNN - 20110214:01:21:00

Doug and mary jeffreys are fighting to keep the home they built from scratch eight years ago. >> this is the american dream. we worked very hard. and at the end of the day when you good home, you want something nice to go to. >> reporter: the person leading them through the battle is patrice simms, a foreclosure prevention counselor who works for church's community development corporation. >> i do have the jeffreys in the room. >> reporter: today she is on the phone with the jeffreys' bank, pushing for a decision oa request to lower their monthly mortgage payments. their current mortgage is ab...

Detailed text transcripts for TV channel - CNN - 20110214:07:22:00 - Vimarsana News

Detailed text transcripts for TV channel - CNN - 20110214:07:22:00

Jeffries. they refinanced twice and now they're under water. gone are the parties. the vacations. and the gifts. >> it's beautiful! >> reporter: why help doug and mary jefferies? super nice people but in a way, they make enough money, they could just move to another place. >> you can't assume a person's middle income and has less problems is impacted by those with less problems than a person lower income and has problems. >> reporter: how come we're seeing people in the middle class african-american now sliding back. >> you can be middle class by income but not wealth. you're laid off. you hav...

Detailed text transcripts for TV channel - CNN - 20110214:04:22:00 - Vimarsana News

Detailed text transcripts for TV channel - CNN - 20110214:04:22:00

That's not the case with the jeffries. they refinanced twice and now they're under water. gone are the parties. the vacations. and the gifts. >> it's beautiful! >> reporter: why help doug and mary jefferies? super nice people but in a way, they make enough money, they could just move to another place. >> you can't assume a person's middle income and has less problems is impacted by those with less problems than a person lower income and has problems. >> reporter: how come we're seeing people in the middle class african-american now sliding back. >> you can be middle class by income but not wea...

Detailed text transcripts for TV channel - CNN - 20110214:01:22:00 - Vimarsana News

Detailed text transcripts for TV channel - CNN - 20110214:01:22:00

Families are losing their homes, most because of subprime loans. but that's not the case with the jeffreys. they refinanced twice, and now they're underwater. gone are the parties. the vacations, and the gifts. >> it's beautiful! why help doug and mary jeffreys? super nice people, but in a way they make enough money. they could just move to another place. >> you can't assume that a person is middle income and has problems is less impacted by their problems than a person who is lower income that has problems. >> reporter: how come we're seeing people who are in the middle class who are african-...