The Youngest Victims Of Foreclosure

It's the week after spring break and instead of hitting the books, 11-year-old Matthew Antico is helping his mom, Sharon, and brother, Wesley, pack boxes.

"Lots of memories on the walls, I notice," CBS News correspondent Kelly Cobiella said.

"Yes, me and my friends drew all this," Matthew said.

He's also saying goodbye to his childhood room.

"I'm gonna have to make all new friends," Matthew said. "It stinks."

The Anticos are leaving their Bradenton, Fla., home because they have to. The bank foreclosed on it in February after Sharon lost her job and fell behind on the mortgage.

For the first time in her life, she and her kids are homeless.

"What do you do when you have kids and you're in that situation?" Sharon Antico said. "You don't know what to do; you really don't know what to do."

They're not alone. In their county of Manatee, 400 kids are homeless due to the foreclosure crisis.

And the numbers are rising in other housing hot-zones across the country. Cleveland public schools have nearly 1,700 homeless students, 500 more than a year ago. Minneapolis schools have 5,600, up more than 1,000 more homeless kids than last year.

Deb Bailey runs Project Heart, a group helping homeless families on Florida's west coast.

"It's not even the tip of the iceberg," she said.

Her group is financed in part by the Manatee School District to help kids better deal with the effects of foreclosure.

"There is a period of grief, a period of anger and a period of 'why me?' and for children it is a very difficult adjustment," said Roger Dearing, Manatee School District superintendent.

Matthew's mom found a family friend willing to take them in, but the tiny house is much farther from school.

Project Heart helped convince the district to go miles out of its way to keep Matthew with the same kids and teacher.

"Because it is monumental everything that he finds stable outside of here is in upheaval," Nick Leduc, a teacher in Matthew's school district, said.

Despite that, Matthew's grades are strong, his outlook stronger.

"I don't really let it get to me because me and my mom and my brother know that God's going to bless us someday," Matthew said.

They would need $2,000 for their own apartment - a goal that feels as out of reach now as their old home.