Economy: Foreclosure Crisis / Courts | Vanderbilt Television News Archive

Economy: Foreclosure Crisis / Courts #934389

CBS Evening News for Thursday, Feb 19, 2009
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(Studio: Katie Couric) Courtroom approaches to deal with troubled mortgages introduced; RealtyTrac statistics on foreclosures in Ft Myers, Florida, and Philadelphia cited.

(Florida: Kelly Cobiella) The foreclosure “rocket docket” in Lee County, Florida, where a judge whips through hundreds of cases in a single morning, featured; scenes shown of a judge settling a case in 18 seconds; details given about the backlog in Lee County’s civil courts. [Lehigh Acres resident Rachelle HANLECK†- reacts to the judge’s order.] [Lee County circuit court clerk Charlie GREEN†- says we need to clear it out.]

(Philadelphia: Michelle Miller) The Philadelphia court where Judge Annette Rizzo† sponsors a project in which homeowners and lenders negotiate deals featured; scenes shown. [Mortgage company counsel Lisa LEE†- says foreclosures are not what lenders want to do.] [RIZZO – comments.] [Homeowner Michelle HOLMAN‡- praises Rizzo.]

Reporter(s):: Couric, Katie;; Cobiella, Kelly;; Miller, Michelle
Duration:: 00:03:40

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