For the third time in the last five months a new record for foreclosure filings has been reached says foreclosure tracking firm RealtyTrac. July saw an increase of 7% from June of this year and, even more telling, a 35% increase from last year.
From Reuters:
"July marks the third time in the last five months where we've seen a new record set for foreclosure activity," James J. Saccacio, RealtyTrac's chief executive, said in a statement.
"Despite continued efforts by the federal government and state governments to patch together a safety net for distressed homeowners, we're seeing significant growth in both the initial notices of default and in the bank repossessions."
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5 comments:
They say the economy is getting better, for who? The average working family doesnt see it. Two societies, one is full of sh!t & the other gets to eat it.
This story can't be true! The Obama run news media said that the recession is over
35% from last year!
During the campaign he said he was going to help out people in foreclosure mine has come and gone thanks for the empty promise !
Obama is all talk no show!! i pray he doesn't get re elected
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