The collapse of the US housing market has been an enduring problem for the economy and the Obama administration.
With US Presidential candidates hard at work on the campaign trail the housing crisis remains one of the main issues that is overlooked.
The failure to solve the housing crisis is a major issue in the Presidential campaign.
Analysts say one of the Democratic administration's biggest failures has been inaction towards helping homeowners salvage their homes.
Rob Reynolds reports from Charlotte, North Carolina.