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Economy: Mortgage Mess / Foreclosures #883399

ABC Evening News for Wednesday, Nov 14, 2007
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(Studio: Charles Gibson) RealtyTrac statistics on foreclosure filings cited.

(Miami: Jeffrey Kofman) The home foreclosures across the country due to the sub-prime mortgage crisis featured; statistics on foreclosures per select cities cited; scenes shown from an auction and from a halted home construction site in Elk Grove, California. [Three HOMEOWNERS - comment.] [Deutsche Bank securities research Karen WEAVER†- says this "distress' will play out over the next 15 months.] [Auctioneer Spanky ASSITER†- talks about liquidating the homes.] [Dunsmore Homes vice president John SLAUGHTER†- comments on the current difficulty in buying a home.]

Gibson, Charles;
Kofman, Jeffrey

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