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Detailed text transcripts for TV channel - MSNBC - 20111210:12:14:00

Tornadoes destroyed the homes of 4 million americans leaving them to wonder displaced and homeless. there is no question we would declare a national emergency and marshall resources to deal with the problem and help people rebuild. it turns out we are in the midst of just such a disaster, the foreclosure tsunami. the nations governing and financial don t seem much to care. the start of the housing crisis, almost 4 million people have been foreclosed on, according to reality track. the problem is intensifying. in october, 230,000 new households in foreclosure. according to the center for responsible lending, the nation is not halfway through the foreclosure crisis. foreclosures are a human tranlg i.d. the families that have to pick up and move and change school districts and suffer the humiliation of repossessions, they are incredibly incredibly destructive. the foreclosure is a lose, lose, lose. the bank now owns a home it has no interest in owning, one that ....

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Detailed text transcripts for TV channel - FOXNEWS - 20101018:15:36:00

reporter: sure. jon: worried about the value of your home? well, now there are even new fears for the already shaky housing market. as financial experts predict a foreclosure tsunami once banks begin selling off their inventory and there is an awful lot of it to be sold. check out this map, showing a foreclosure crisis touching about every state in the country. mike tobin is live in northbrook, illinois for us. mike, what s the latest there? reporter: you know, jon, really, this is any street u.s.a. as you look up and down the street, there is no way to tell how many of these homeowners have been fail to go make their payments. but what we know is that with this foreclosure mess, they get a stay of execution. they can remain in those homes until it clears up. all right! the story of the ramirez family is a familiar one. they bought a home, in good times, the home appreciated, ....

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Detailed text transcripts for TV channel - MSNBC - 20111210:12:13:45

Detailed text transcripts for TV channel - MSNBC - 20111210:12:13:45
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