Nov 02/10 - Pt 1: Foreclosures
In the wake of the U.S. mortgage crisis, banks have seized millions of homes. This year alone, nearly 300,000 homeowners in Florida received foreclosure notices. Now, there are allegations that many of those home were seized unfairly. The Current's Howard Goldenthal traveled to Florida to look into those allegations and how the scandal is touching the lives of a lot of Canadians.
It's Tuesday, November 2nd.
As they head to the polls today, 51 per cent of Americans say they disapprove of President Barack Obama.
Currently ... not bad numbers for a socialist from Kenya.
This is The Current.
Foreclosures - Howard Goldenthal
We started this segment with a clip from Joe Koebel. He sells foreclosed homes in Florida. With the lingering effects of the U.S. mortgage crisis, there are a lot of those homes on the market these days. And a lot of the people who are doing the buying are Canadians.
Canadians buy more property in Florida than any other group of foreigners. But now, there are allegations that many of those homes may have been seized in a system that is unfair and perhaps even corrupt.
The Current's Howard Goldenthal headed down to Florida to look into the allegations and to find out how they are affecting Canadians. His documentary is called It's A Steal.
The National has been looking at foreclosures in Florida too. Tonight, Diana Swain will go inside one Florida courtroom to find out how the system went off the rails. The National is tonight at 10 o'clock on CBC Television -- 10:30 in Newfoundland and parts of Labrador.