U.S. Home Foreclosures Climb 44% to Record in May
Posted on June 12th, 2010 by MoverMike
Bloomberg reports:
U.S. home foreclosures reached a record for the second consecutive month in May, with increases in every state, as lenders stepped up property seizures, according to RealtyTrac Inc.
Rick Sharga, RealtyTrac’s senior vice president for marketing, “…predicted last month that another 5 million delinquent mortgages will end in foreclosure in addition to properties that had already been repossessed.”
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