crisis on your communities in 2011 there were more than 900 foreclosures in san francisco.when we speak about the impacts of foreclosure in our neighborhoods we speak of assisting homeowners of modifying loans or postponing evictions. we're not only contending with the impact of the crisis on homeowners, but the physical blight that left is behind after the foreclosure process. after the foreclosure process has been completed we frequently see properties falling into disarray. a foreclosed property was owned by a financial institution that owned dozens of properties in the city and left to Ñx ]zÑiñ this legislation would do a number of things. first it will make clear that nuances occuring the foreclosed properties and commits a court to award up to three times of owners of up to three or more properties and will continue as a tool to continue our efforts to dress blight and appropriately holds individuals and entities who own significant properties to a higher degree. colleagues i would urge your support on this legislation. thank you. >> thank you. is there any presentat

cut quickl >>> quickly and great for people facing foreclosure in california upon a program for gives debt and that and keep their homes >>> worst date ever >>> a violent attack in oakland the goods american eased up the beating plus what may be the trend of food trucks in the bay area how they may help the homeless find jobs. a group of people received a violent beating a couple in oakland no one tried to stop the attack or called 9 1 1 except for one person don knapp introduces us to the woman who help the victims >>> i was across the street when it happened >>> she stopped violent act unfold and ran through traffic to help out >>> it happened right here the girl was slammed up against the wall >>> a man and woman being hassled by a man selling cds the seller grab a woman's arm she hit him and he hit back >>> there were about 10 people that came from the bart station >>> people gained up on the male victim and kicked him in the face and others were hitting the woman the 22 year-old former conservation corps engineer jumped in >>> i said don't hurt me i'm here to help >>> she said re

loans, and more foreclosures are on the way. those homes will compete directly with new construction which rose to a two-year high in august, but still less than half of what it was during the housing boom. >> we're seeing very good housing numbers coming up, but have to put it in context. the fed put it in a good way when they say the housing market is improving, but still depressed. >> reporter: permits to build future homes suggest the gains should continue, but multi family homes are increasing. if you take families forcing foreclosure, the home ownership is at a 50-year low. >> the people are seeing prices go up, and more people are starting to jump in. >> reporter: home prices are slowly coming back, up 1.7% in august from a year ago, according to one estimate but the gains are slowing. august was good, but remember that home sales are still nearly two thirds of what they were in 2005, and today's mortgage rates are not helping much. that is because too many americans don't have the credit scores or the down payment to qua

that is because people get displaced when there is high foreclosures., their neighbors stay home. so, when you think back to the fact there is 3.7 million homes that have been foreclosed on the last four years it could create big problems for president running for the presidency because you don't know what to expect out of the states especially the swing states. and now let me give you numbers to see how big the problem is. in florida, big swing state, one in 352 homes in foreclosure, twice the national average. in ohio, cleveland and columbus, big problems with housing, one in 89 homes in cleveland, foreclosed on. nevada, they had the record for the highest number of foreclosures, they held that record for five years, only this year did it drop to number six. this could an big issue in the election. people do not think of this but the political parties try to distract voters and they want to know where you live. you could be gone because of foreclosures. >>shepard: the housing market is showing signs of life. >>gerri: i just got a report today from rea

we begin with the foreclosure crisis. in the aftermath of the great recession, the huge number of foreclosed properties was a significant factor in weighing down the economy. many were stuck on the market for an unexpected reason: the banks couldn't find the ownership documents. as scott pelley first reported in april 2011, lenders wanting to evict people found that often, the legal documents behind the mortgages simply weren't there. caught in a jam of their own making, some companies appeared to have resorted to forgery to throw people down on their luck out of their homes. >> these folks on the street aren't homeless. they slept on the sidewalk because they want to keep their homes. facing foreclosure, they camped out to get in line to beg their bank for lower payments on their mortgage. so many in the country are desperate now that they have to meet in convention centers coast to coast. >> we understand people have been here for a day or two. >> two. >> two. >> for two days. >> two and a half. >> this was los angeles,

and nevada's foreclosure rate is the highest in the nation. i've walked in nevada neighborhoods, brighted by abandoned homes, where people wonder why barack obama failed them. well, mr. president, nevada has had enough of your kind of help. ( cheers and applause ) >> suarez: nevada may have already lived through the worst of the housing crisis. it's far from over. there's still sellers who can't find buyers. buyers who think if they wait just a little bit longer, prices will go down even further, and by one estimate, another 250,000 houses still facing foreclosure. >> i don't think there will be an issue. it's under 15,000. they are getting financing >> suarez: jim brooks is a las vegas realtor who says he sees firsthand that the president's efforts to stop the foreclosure crisis were a failure >> the restraints and the guidelines were so restrictive that less than 10% of our clients even qualified before we even sat down to have a meeting with them. i was involved with a few personal cases where a client would and should qualify for the money

funds. >> so, it's a disaster in new jersey ranked second worst on delinquencies on foreclosures, sois christie at. why isn't he spending the money to help the homeowners? he wants to protect the banks so they can make more and more money. in fact, jim harper went national about it. >> why is it taking to long. >> because it's been a -- because the court places a moratorium on foreclosures. >> the $300 million. >> the courts placed a moratorium on foreclosures. >> he's given a weak sauce excuse there the court, you are choosing not to spend it. so he does a follow up. >> in fact. >> if you don't -- next question. >> this is an urgent issue facing the state. why would you blow it off? >> police, michael, help me ignore him. >> he's asking questions i don't like. help me ignore him. the homeowners of new jersey are who chris christie is ignoring. new jersey got $75 million. what did chris christie do he put in it in the eventual budget, not to help homeowners and goes see i balanced the budget not to help homeowners. he used to lobby for the security's administration, do you know who r

she was facing foreclosure and bankruptcy. then her lender, bank of america, offered this-- a pilot program called mortgage to lease. rather than foreclosing, the bank takes back ownership, forgives the debt, and gives knox a chance to rent. she loses her equity, but reduces her monthly cost from $1250 to $712, and she gets to stay in the house. >> in certain situations, especially where the homeowners are deeply underwater, i think this is a great opportunity for them to real get a fresh start. >> reporter: bank of america is rolling out the small test program to 2500 distressed homeowners in four states. in recent weeks, citigroup introduced a similar program for 500 homeowners in six states. bloomquist says the banks benefit the most. >> the foreclosure process can drag on for years. so by resorting to a program like this, they are kind of short circuiting that foreclosure process. >> reporter: the rental agreement is for three years. after that, no guarantees. >> even though i'm renting, it's-- it's still my home. >> repor

or they're very late and likely to go into foreclosure.a lot of loans. 49.5 million people with mortgages. in some markets across the country, it's still a big problem. >> but for those in the market -- >> it's a fabulous time for buyers and refinancers. for the first time in six, seven years, sellers do have some leverage in the negotiations. prices are rising, and they don't have to cut their price like they did before. >> here's what buyers need. >> you're going to need good credit. you're going to need proof of income. and you're going to need some money in the form of a down payment. >> this family is looking to sell for a profit and they hope their next selling appearance is similar. >> so it's always going to be like this going forward, right? >>> it is expected that prices in washington, d.c. will rice about 6.5% per year for the next five years, just slightly below the national average. >>> up next, a lost decade for your home, investments, your job. but today, the biggest threat may be from your political leaders, congress. a rom

still the dark cloud of foreclosures hangs over the market. overall the number of new foreclosures has dropped. but in several states they've increased. illinois had the highest rate in the country with 1 out of every 298 houses receiving a notice of foreclosure. other states seeing higher numbers: maryland, new jersey, new york and florida. the rate has been dropping though in traditionally high-foreclosure states such as arizona, california and nevada. it's an economy thing - bank accounts are on the decline. the lack of free checking options means many american households can't afford the extra fees attached to opening accounts. about 8.2% of u.s. households forgo bank accounts in favor of riskier ways of getting cash, such as prepaid cards, payday loans, and check- cashing. around 6% claim credit problems are the reason for staying away from banks. others - around 18% - just prefer to use cash, and plan to get into banking in the future when finances are more secure. jobs with the most growth in the last year are a surprisingly eclectic bu

marin took a cyanide tablet and committed suicide right in the courtroom another victim of the foreclosure crisis another american who could have used a bailout like mitt romney god it's hard to calculate just how many americans have suffered suicide by foreclosure like some of the people i just mentioned there's a website called greenspan's body count that tries to keep track of how many americans have committed suicide because of financial hardship because they couldn't get a bailout like mitt romney got currently the death toll stands at two hundred twenty eight of the real number is likely much much higher this is what happens in america when the rich and well connected get bailed out while the rest of us get sold out we're going to hear mitt romney over and over and over again brag about his business achievements and why he built a business on his own it's not true i mean first he was given millions and now of before he was born with millions and then when he grew it up in the company was nearly bankrupt he was given a lifeline a bailout and thanks to that bailout he's running for pre

sign after foreclosure signs i do want to point out there are two zip codes where seventy percent or higher of homes there are underwater zip codes three three six zero five and three three six one zero those zip codes are in the highest one percent of you know the places where it's the worst and you know some of the zip codes that could be called lucky those are places in which only about thirty thirty one percent of the homes are underwater so when you look at the numbers and you see the pictures it is a really important story a really important thing that's happening that's unfolding you know as we move into this election time we were at the convention and we heard so many promises and so many ideas to to make this country better will guess what you're going to have to answer the question of. foreclosures of poverty and this housing crisis that is still very much alive it's interesting there was so much media there and so close to this happening and really very little mit mention of the problem this huge problem in tampa well you know a lot of people who simply had to stay within

proud as a daughter of california to represent california on issues of what we should get in the foreclosure crisis and technology and so many other issues. >> belva: coming up next. >> belva: hello. i'm belva davis. welcome to this special edition of "this week in northern california." as we continue our convention coverage, things are winding down here in charlotte, democrats gathered to make their case to reelect president obama. throughout the week, i heard from many california delegates about what a second baobama ter would mean to them and the country. >> america, you believe in a country where everyone gets a fair shot and everyone does their fair share and everyone play by the same rules. i need you to vote this november. >> belva: last night, as the president made his case f re-election, some of the support came from the california delegation. throughout the week, california democrats took center stage in the proceedings further evidence of the state's evidence on the state's direction. >> we are a party of inclusion and our platform speaks to the aspirations of all. >> belva: calif

foreclosures were up ninety three percent from the year before. in london there was a run on northern rock bank more bank write downs followed billions that few b.s. and citi group fannie mae the largest source for home loans reported a three point five five billion dollars loss for the fourth quarter in march two thousand and eight the. largest investment bank in the world bear stearns was on the verge of collapse many of the nation's most respected financial journalists still getting it wrong get my money out there no no no bear stearns is fine do not take your money i didn't really have there's one k. plus four hundred. there is not in trouble i mean if there are more likely to be taken over don't move your money that has been silly don't be silly. download the official location so choose your language stream quality and enjoy your favorite. t.v. is not required to watch on t.v. all you need is your mobile device watch on t.v. any time. you know sometimes you see a story and it seems so you think you understand it and then you glimpse something

talking about the foreclosure crisis.donald joins us now. >> tell you something, i've never been as interested or excited about a topic as this one because no one's talking about it. you talk to any pollster who is looking at voter turnout and they will tell you, they have no idea what is going to happen in this election because they don't know where the voters went who are affected by foreclosures. 3.7 million foreclosures since 2008. 641,000 in california alone. already university of california at riverside is saying look, voter turnout was suppressed in 2008 because of foreclosures. now here's the deal. you're going to see in this map, the hot spots what we're talking about. california, florida, nevada of course have been basically foreclosure hotbeds of problems. but ohio, which has voted for every winning candidate since 1964, people who are doing polling for this election are seriously at a loss. they do not know where this election is going it to go because places like cleveland and columbus, solid i in one camp, s

i actually have good news about foreclosures. been a long time coming. >> good deal. >> thanks, jess. >>> civil rights leaders announce a new march on washington. that story is coming up. >> plus, police seize thousands of dollars in merchandise from an alleged fencing operation. that's in maryland. >> ahead in sports, with first place on the line, the orioles were tied going into the 9th inning. we'll show you how it ended. we'll be back. >>> welcome back. your weather first at 5:09. another nice day ahead. nobody is complaining about this. check out your day planner. this morning we're not dealing with 40s. we do have temperatures down in the 50s in cool spots. mid-70s at lunch time. highs around 81, 82. that should happen around 4:00 p.m. seven-day forecast coming up in five minutes. right now we go to monika with timesaver traffic. >>> i'm happy to say your mayor thoroughfares remain incident free. -- major thoroughfares. the 14th street bridge looks like n. i'll be back with more. >>> police say they've shut down a fencing o

as willow moves from childhood to adolescence, foreclosures were at a record high.es in her neighborhood emptied out. >> i don't really remember a time where there wasn't foreclosures. >> you don't remember when houses were selling like hot cakes? >> i don't. >> as a minor willow can't legally be on the deed but when she turns 18 her mother will sign the properties over to her. >> i said willow lead the way. show me where you need go. she has. >> not bad for a kid with attention deficit hyperactivity disorder who left a gifted school because the teachers told her mom her daughter couldn't focus. >> it's hard to listen to people say your kid has a problem, you know. and then now look at her. i'm really proud of her. >> these days willow is busy collecting rent from her tenants, shopping for building materials and taking stock of her next project. >> i think that would work. >> all from a girl who is too young to drive but has plenty of direction. anna werner, cbs news, north port florida. >> that's the morning news for this wednesday. i'm terrell brown. have a great

this is foreclosures across the country. if you're seeing light there aren't a lot of foreclosures.re. you see a lot in florida, in michigan, a lot in this part of ohio. a lot in the corners of nevada, northwest corner here. i want to do something. look at these. those are all swing states, florida, ohio, michigan. nevada. watch when we do this. take this off and turn this on. this is guy buy county, presidential four years ago by county. look where i circled. important to the president, important to the president up here and down here. you can make the case the problem is exacerbated. higher foreclosures in places around the country critical to the president. one more point i want to take if you take this out. look nationally at home prices down 166,000 when the president took office. 151,000 now. now down 30% in nevada. 20% in florida. battleground state. 7% in ohio and 5% in virginia. in each of these states they started to come back up. if you're going through the obama presidency. housing is a problem in the battleground states. >> and republicans are making the argument that p

foreclosures were up ninety three percent from the year before. in london there was a run on northern rock bank more bank write downs followed billions that few b.s. and citi group fannie mae the largest source for home loans reported a three point five five billion dollars loss for the fourth quarter in march two thousand and eight the fifth largest investment bank in the world bear stearns was on the verge of collapse many of the nation's most respected financial journalists are still getting it when i get my money out there no no no bear stearns is fine do not take your money i just read if there is one k. oil than the plus four hundred pastors is not in trouble i mean if any are more likely to be taken over don't move your money from bear that's just been silly don't be silly the media was complicit says dean starkman a financial journalist now with the columbia journalism review the business press former colleagues of mine friends of mine did not really recognize and understand what they were up against how dramatically the way the world it c

and no secret that many of us have been struggling with the impacts of foreclosures on our community. often when we talk about the foreclosures we are focused on assisting home owners on modifying their loans or finding resources. however over the last year in district ten in particular, we have also been battling with what what happens after a foreclosure has taken place. many of the homes have fallen into disrepair and become magnets for graffiti and a physical bliet on our neighborhood. i have personally spent months contacting entities that own a number of foreclosed properties urging them to comply with nuisance regulations. we found that more often than not, that the individuals or the entities who own multiple foreclosed property have the greatest disregard for our neighborhood and our city's nuisance regulations. now the ordinance before you today, would do a number of things, it would one, it would designate public nuances at foreclosed properties ago vaiting factor and two it would give the court the ability to assess triple penalties for owners of ten or more foreclosed pro