Foreclosures up in the first half of 2010
August 25th, 2010
From Realtytrac.com, lenders foreclosed on a record number of properties in the second quarter of 2010, surpassing the previous record set in the first quarter for a total of more than 500,000 REOs during the first six months of the year.
This trend will most likely continue through the rest of 2010. Unemployment still up, the middle class living on credit, and sooner or later, it all has to catch up with them.
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