The CBS Evening News with Scott Pelley – Fannie Mae foreclosures sell-off destroying neighborhood

The CBS Evening News with Scott Pelley – Fannie Mae foreclosures sell-off destroying neighborhood

Fannie Mae is the nation’s largest proprietor of foreclosed homes and is promoting the repossessed homes at 60 p.c below their market price. As Elaine Quijano experiences from Cleveland, these rock bottom re-sale costs are destroying the neighborhoods.

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