Except that U.S. foreclosures skyrocketed 58% in the first half of 2007 over 2006.
1 out of every 134 homes filed for foreclosure since the start of 2007, and according to RealtyTrac, up to 2 million homes could end up filing by the end of the year. Current rates nearly double those of the “housing bust” of 2006.
The knock-on effect for these foreclosures in the subprime, even in the prime, mortgage market has only just begun.
1 out of every 134 homes filed for foreclosure since the start of 2007, and according to RealtyTrac, up to 2 million homes could end up filing by the end of the year. Current rates nearly double those of the “housing bust” of 2006.
The knock-on effect for these foreclosures in the subprime, even in the prime, mortgage market has only just begun.
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