{"page":"\u003clink rel=\"stylesheet\" href=\"https://lessonplanet.com/assets/packs/css/resources-c03aa079.css\" /\u003e\n\u003clink rel=\"stylesheet\" href=\"https://lessonplanet.com/assets/packs/css/lp_boclips_stylesheets-517835be.css\" media=\"all\" /\u003e\n\u003cdiv data-title='Rising foreclosures cast costly shadow' data-url='/boclips/videos/5c54c58cd8eafeecae171091' data-video-url='/boclips/videos/5c54c58cd8eafeecae171091' id='bo_player_modal'\u003e\n\u003cdiv class='boclips-resource-page modal-dialog panel-container'\u003e\n\u003cdiv class='react-notifications-root'\u003e\u003c/div\u003e\n\u003cdiv class='rp-header'\u003e\n\u003cdiv class='rp-type'\u003e\n\u003ci aria-hidden='true' class='fai fa-regular fa-circle-play'\u003e\u003c/i\u003e\nVideo\n\u003c/div\u003e\n\u003ch1 class='rp-title' id='video-title'\u003e\nRising foreclosures cast costly shadow\n\u003c/h1\u003e\n\u003cdiv class='rp-actions'\u003e\n\u003cdiv class='mr-1'\u003e\n\u003ca class=\"btn btn-success\" data-posthog-event=\"Signup: LP Signup Activity\" data-posthog-location=\"body_link_boclips\" data-remote=\"true\" href=\"/subscription/new\"\u003e\u003cspan\u003e\u003cspan\u003eGet Free Access\u003c/span\u003e\u003cspan class=\"\"\u003e for 10 Days\u003c/span\u003e\u003cspan\u003e!\u003c/span\u003e\u003c/span\u003e\u003c/a\u003e\n\u003c/div\u003e\n\u003c/div\u003e\n\u003c/div\u003e\n\u003cdiv class='rp-body'\u003e\n\u003cdiv class='rp-info'\u003e\n\u003cdiv aria-label='Hide resource details' class='rp-hide-info' role='button' tabindex='0'\u003e\u0026times;\u003c/div\u003e\n\u003ci aria-label='Expand resource details' class='rp-expand-info fai fa-solid fa-up-right-and-down-left-from-center' role='button' tabindex='0'\u003e\u003c/i\u003e\n\u003ci aria-label='Compress resource details' class='rp-compress-info fai fa-solid fa-down-left-and-up-right-to-center' role='button' tabindex='0'\u003e\u003c/i\u003e\n\u003cdiv class='rp-rating'\u003e\n\u003cspan class='resource-pool'\u003e\n\u003cspan class='pool-label'\u003ePublisher:\u003c/span\u003e\n\u003cspan class='pool-name'\u003e\n\u003cspan class='text'\u003e\u003ca data-publisher-id=\"30356011\" href=\"/search?publisher_ids%5B%5D=30356011\"\u003eCurated Video\u003c/a\u003e\u003c/span\u003e\n\u003c/span\u003e\n\u003c/span\u003e\n\u003c/div\u003e\n\u003cdiv class='rp-description'\u003e\n\u003cspan class='short-description'\u003eHEADLINE:Rising foreclosures cast costly shadowCAPTION: As the nation's housing market continues to struggle, spiraling foreclosures are shaking not only homeowners and realtors, but also lenders and investors on Wall Street.  (July 25) ...\u003c/span\u003e\n\u003cspan class='full-description hide'\u003eHEADLINE:Rising foreclosures cast costly shadow\u003cbr/\u003eCAPTION: As the nation's housing market continues to struggle, spiraling foreclosures are shaking not only homeowners and realtors, but also lenders and investors on Wall Street.  (July 25)         \u003cbr/\u003e[Notes:ANCHOR VOICE]    \u003cbr/\u003e((Video: Capitol View neighborhood, Atlanta))\u003cbr/\u003e It is a perfect storm for homeowners and housing investors in neighborhoods like Capitol View in southwest Atlanta. \u003cbr/\u003eRising interest rates, falling home prices and loans to buyers with less than perfect credit have led to an explosion in mortgage foreclosures. \u003cbr/\u003eThe story is the same elsewhere. \u003cbr/\u003eBob Moulton, a leading New York mortgage broker, says the foreclosure problem is not limited to the so-called subprime sector. \u003cbr/\u003eSOT - BOB MOULTON, president, Americana Mortgage Group\u003cbr/\u003eIt's a trickle-up phenomenon. \u003cbr/\u003e((Video: Wall Street)) \u003cbr/\u003eSpiraling foreclosures are now shaking the nation's financial markets. \u003cbr/\u003eSTANDUP - WARREN LEVINSON, The Associated Press\u003cbr/\u003e````Wall Street is taking notice. Just a couple of days after the Dow Jones Industrial Average hit 14-thousand for the first time, worries about mortgage foreclosures help drag stock prices down more than a percent and a half. And the bad news kept coming. On Wednesday came reports that sales of existing homes dropped in June to their lowest level in four years. And mortgage applications are at a five-month low.'' \u003cbr/\u003e````It's going to get worse before it gets better. Lot of news out there, people shifting money to make mortgage payments. Don't know how long they can keep it up.''\u003cbr/\u003e((Video:  Capitol View area, Chris Ballard))\u003cbr/\u003eBack in Capitol View, realtor Chris Ballard is seeking to stem the tide. He's been trying to persuade lenders that reducing mortgage payments can be a better deal than foreclosure. \u003cbr/\u003eSOT - CHRIS BALLARD, realtor\u003cbr/\u003e````The cost the lender incurs on a foreclosure is anywhere between 20 to 40 percent of the value of that home between legal fees, late fees and payments. If they forgive part of the debt, they are actually coming out ahead financially.'' \u003cbr/\u003e((Video: Capitol View area))\u003cbr/\u003eAfter all, foreclosing often leaves a lender with a portfolio of unsellable houses.\u003cbr/\u003eWarren Levinson, The Associated Press, New York.\u003cbr/\u003e\u003c/span\u003e\n\u003c/div\u003e\n\u003cdiv class='action-container flex justify-between'\u003e\n\u003cbutton aria-expanded='false' aria-label='Read more description' class='rp-full-description' type='button'\u003e\n\u003ci class='fai fa-solid fa-align-left'\u003e\u003c/i\u003e\n\u003cspan id='read_more'\u003eRead More\u003c/span\u003e\n\u003c/button\u003e\n\u003cdiv class='rp-report'\u003e\n\u003c/div\u003e\n\u003c/div\u003e\n\u003cdiv aria-labelledby='resource-details-heading' class='rp-info-section'\u003e\n\u003ch2 class='title' id='resource-details-heading'\u003eResource Details\u003c/h2\u003e\n\u003cdiv class='rp-resource-details clearfix'\u003e\n\u003cdiv 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