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This is What a Home Foreclosure Looks Like

This Is What a Home Foreclosure Looks Like

Southern California may be known for its near-perfect weather, but there's nothing sunny about the rampant foreclosures in the region. Lisa Ling and SoCal Connected took a look at the process of getting a foreclosed home ready for the market after the family has abandoned it. She spoke with the owner of a business that removes all of a family's possessions from their home and observed what he calls a "trash out."

The business went from having three employees just a few years ago to 73 employees today, and the crews trash out about 15 homes each day. He's tried to get charities to pick up the items but they often don't take everything, requiring the crew to go back and pick up whatever the charity left behind. Crew members may take anything they want from the trash out site as long as they're able to take the items with them that day, and may have their pick of things like big screen TVs, computers, and furniture.

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