Supporting, Informing & Connecting People in Foreclosure
The news landed with a thud on front doorsteps all over America: Home values are falling again, in a dreaded "double dip." If you want to know why, look no further than the house down the street -- the one in foreclosure.
Foreclosed homes, selling at bargain-basement prices, are dragging the market down, and homeowners are still desperately trying to stay out of foreclosure, as CBS News correspondent Bill Whitaker reports from Los Angeles.
It's a sign of the times. People lined up, some overnight, thousands filling L.A.'s massive Shrine Auditorium, desperate to hold onto their houses.
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