What Happens to Homes After It's Foreclosed?

Currently many cities in the States are undergoing a foreclosure crisis.

In the Inland Empire of Southern California, a region in and around San Bernardino, as many as 700 000 families are losing their homes DAILY. These houses are generally in newer communities with homes 8 years old or less. But due to the subprime loan crisis, house values have fallen anywhere from 30-75%.

So what happens after the homes are foreclosed?

Watch the process called "TRASH OUT" and watch workers spray the lawns green to give foreclosed homes curb appeal in a fascinating interview with Lisa Ling (Oprah's favourite correspondent):

Watch This Clip: Foreclosure Alley