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

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

Fannie Mae is the nation’s largest owner of foreclosed properties and is promoting the repossessed properties at 60 p.c beneath their market place. As Elaine Quijano reviews from Cleveland, these all-time low re-sale costs are destroying the neighborhoods.

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