something great. mid commercial news from the fox news desk. the mall where terrorists unleashed a massacre killing more than 60 people will reopen this week for the first time since the attack in 2013. that according to officials in kenya s capital city of nairobi. al shabab claimed responsibility for the eye tack. here in the united states the percentage of homes in the foreclosure process is lower than it was before the great recession. that s according to analysts at core logic. they credit the millions of jobs our economy added saying more americans have kept up with mortgage payments.
track. sin city is the focus of our brand-new series the property man. sitting down with regular americans fighting against foreclosure and getting back on their feet. here is his take through the eyes of one couple. reporter: the home they gave up in the bankruptcy three years ago was never actually sold by the bank. the title of the house lists mark as the property owner. when i contacted bank of america, they said bank of america rescinded on the foreclosure process. reporter: the title to the property was never taken out of their name. it s what we call a zombie foreclosure or title. the lender to this date still has not foreclosed on the property. what that means to mark they cannot buy a property a new home to house their family until that lender decides to
home in the 9th ward to find out why he thinks it s been so difficult to catch a break. what were the circumstances you think that led you from where you were in detroit to here? it was two main things. one was my house payment changed from right around $500 a month to right around $1,100 a month. and right within a few months of the time of that happening the work started to dry up for the union, you know. it just wasn t there. as a foreman for his union back in detroit, john says he was once well on his way to achieving the american dream, earning upwards of $30 an hour. but as union jobs became fewer and farther between, his wages plummeted and things started to spiral for john and his family. we were doing everything we could, you know. and it just fell apart. there was nothing anyone can do. and instead of going through the long foreclosure process, we
now, because of how high demands for homes have been lately. the supply of homes on the market has been getting tighter and tighter. this line of foreclosures will wind up boosting inventories and help keep prices under control. of course, you know, this is good for banks because as the economy has been stabilizing, home prices have been rising, so, banks have become more comfortable with the value of the properties that they re holding and ultimately completing the foreclosure process and getting them back out to the market. with the rise in prices, they re able to recoup more of the losses they took on these homes in the first place. carol? that probably means the banks more aggressive when it comes to repoing homes. if you are under water on your mortgage, what should you do? that is the by-product and analysts say they should expect to see a notice coming soon. banks have little motivation at this point to hold back on foreclosing now. if you haven t paid your mortgage in month
what s your thought? think as we go into the mid-terms mid-terms is a time where people don t come out and vote as they do in presidential election. when you see what happens with gun safety and michael bloomberg saying hey we need to be single issue voters that could happen in this instance as well if there s continues to be an assault or deemed to be an assault on women s bodies could it very well happen. they could come out in droves. thank you so much. danny, we lost connection we apologize. thank you both for being with us. home foreclosures are rising and that could be a good thing. we have what s moving your money today and details of a new report. reporter: good morning. the report is from realtytrac and more americans are finding themselves struggle through this foreclosure process but not necessarily a bad thing could it mean that banks are trying to draw down the number of distressed properties that are out there. the report shows overall