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Fed Foreclosure Help By May: Is It In Time?

LAS VEGAS -- President Barack Obama announced federal foreclosure help is coming to Nevada during his visit to Las Vegas last month. But will it arrive in time to save Nevada families already in risk of losing their homes?

Darrell and Maria McCracken live in a tight-knit community. The Henderson neighborhood on Riddle Glen Street is bound together by a common problem: 70-percent of Nevada's homeowners are underwater on their mortgages. Many aren't qualifying for government- sponsored bank programs to refinance.

"We can't walk away right now. We're going to stay. We've taken our shot with the modification. It's been seven months we've been back and forth with them," says Darrell McCracken.

The McCrackens work as casino dealers. They've seen deep cuts in their paychecks this past year.