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Banks repossessed a record one million US homes in 2010

Started by MikeLigalig.com, January 14, 2011, 06:49:16 AM

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MikeLigalig.com

January 14, 2011, 06:49:16 AM
Banks repossessed a record one million US homes in 2010, and could surpass that number this year, figures show.

Foreclosure tracker RealtyTrac said about five million homeowners were at least two months behind on their mortgage payments.

Foreclosures are likely to remain numerous while unemployment remains stubbornly high, the group said.

Among the worst hit states were Nevada, Arizona, Florida and California, once at the heart of the housing boom. - BBC
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grazie7y

#1
January 14, 2011, 06:56:53 AM
There are at least 3 houses repossessed in my neighborhood.  A friend of mine is renting a house for more than a year now only to find out it will be auctioned in March.  Uso na kaayo ni karong panahona.
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