02-11-2009, 11:47 AM
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#1 (permalink)
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| Gone Off
Join Date: Dec 2005 Location: shelf
Posts: 15,365
| We're in the hearf of the foreclosure issue. Expect more big news in about January/February.
Here's a lot at now: Quote: Foreclosures: 'Worst three months of all time'
Despite signs of broader economic recovery, number of foreclosure filings hit a record high in the third quarter - a sign the plague is still spreading.
By Les Christie, CNNMoney.com staff writer
Last Updated: October 15, 2009:
Foreclosure crisis
The number of homes receiving foreclosure filings is skyrocketing across the country. Here's the rate in your state.More
NEW YORK (CNNMoney.com) -- Despite concerted government-led and lender-supported efforts to prevent foreclosures, the number of filings hit a record high in the third quarter, according to a report issued Thursday.
"They were the worst three months of all time," said Rick Sharga, spokesman for RealtyTrac, an online marketer of foreclosed homes.
During that time, 937,840 homes received a foreclosure letter -- whether a default notice, auction notice or bank repossession, the RealtyTrac report said. That means one in every 136 U.S. homes were in foreclosure, which is a 5% increase from the second quarter and a 23% jump over the third quarter of 2008.
| Link & Entire: Foreclosures hit record in third quarter 2009 - Oct. 15, 2009 |
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