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Economy
In reply to the discussion: STOCK MARKET WATCH -- 9 August 2012 [View all]
xchrom
(108,903 posts)17. NUMBER OF HOMES FACING FORECLOSURE ROSE IN JULY
http://hosted.ap.org/dynamic/stories/U/US_FORECLOSURE_RATES?SITE=AP&SECTION=HOME&TEMPLATE=DEFAULT&CTIME=2012-08-09-06-29-06
LOS ANGELES (AP) -- More U.S. homes started on the foreclosure path in July, as lenders tackled a backlog of mortgages gone unpaid even as they pulled back on home repossessions.
The number of homes that received an initial notice of default - the first step in the foreclosure process - increased 6 percent in July compared to the same month last year, foreclosure listing firm RealtyTrac Inc. said Thursday.
Filings of initial default notices have increased on an annual basis for three months in a row.
The trend comes as banks work to make up for time lost last year as the mortgage-lending industry grappled with allegations that it had processed foreclosures without verifying documents.
LOS ANGELES (AP) -- More U.S. homes started on the foreclosure path in July, as lenders tackled a backlog of mortgages gone unpaid even as they pulled back on home repossessions.
The number of homes that received an initial notice of default - the first step in the foreclosure process - increased 6 percent in July compared to the same month last year, foreclosure listing firm RealtyTrac Inc. said Thursday.
Filings of initial default notices have increased on an annual basis for three months in a row.
The trend comes as banks work to make up for time lost last year as the mortgage-lending industry grappled with allegations that it had processed foreclosures without verifying documents.
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These Days, I would be grateful to have a chance to be myself for a few minutes!
Demeter
Aug 2012
#41
In that case the invasion plans have been drawn for years. Cause we're America, it's what we do.
kickysnana
Aug 2012
#22
Is that maybe straw? Hay is not moved around a lot so prices very a lot by location.
kickysnana
Aug 2012
#35
Already hearing about it. People are just opening their fencing and turning the poor things out.
TalkingDog
Aug 2012
#37