Foreclosures Rise Again
June 5, 2008
A recent homeowners trade groups has reported that the number of home foreclosures has hit a record high. The Mortgage Bankers Association reported that over a million homes across the country are in foreclosure. Six states have been hit particularly hard by foreclosures including California, Florida, Arizona, Nevada, Michigan and Ohio. Economists and mortgage specialists think that the trend will continue well into next year.
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