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Local Investigation Round-up: Foreclosure Nightmares

Foreclosure for sale sign

Posted by Chris Zawistowski, CBS Investigates Intern

CBS affiliates in Miami and San Francisco investigate two different kinds of foreclosure nightmares that are costing homeowners peace of mind---and their homes:

NACA Keeps Homeowners Stuck In Paperwork

Miami (WFOR)- The Neighborhood Assistance Corporation of America (NACA) claims it helps troubled homeowners fight off foreclosure through free counseling services. But a CBS4 I-Team Investigation has found angry customers nationwide stuck in an endless cycle of paper and a taxpayer-funded organization in NACA that's simply not doing its job.

New Foreclosure Fraud Plagues The Golden State

San Francisco (KPIX)- CBS5 details a new foreclosure scam called "bid rigging" that is sweeping across California, with some homeowners losing their homes to swindling investors right on the courthouse steps.