We're in the hearf of the foreclosure issue. Expect more big news in about January/February.

Here's a lot at now:

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