Foreclosures soar despite government programs
Bob Morris @ Oct 27th 2008 09:18 - Category: Credit crisis Tags: foreclosures
2,800 homes a day were lost to foreclosure during July-Sept 2008, up from 1,200 a day in the previous year. Yikes.
One bright spot: The BofA / Countrywide settlement takes effect Dec. 1 and 400,000 homeowners will get much lower interest rates.
No Comments »
Leave a Reply
Comments subject to deletion at whim of capricious webmaster. Disagreements are ok. Flames, trolls, and right-wing attacks are not. If your comment doesn't appear immediately, then moderation is on, thus there's no need to re-send it.
(However sometimes the anti-spam programs here go awry. Email us if your comments seem to vanish into the void.)
