Local Investigation Round-up: Foreclosure Nightmares

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.