The
foreclosures are going up 73%, not 63%.
Lenders began foreclosing on 323,102 mortgages, a ratio of one in 358 U.S. households, according to a report issued Monday by RealtyTrac Inc. Banks typically start foreclosing on mortgages after payments are 90 days late.
"When you couple the higher bills that people with adjustable loans saw with the
(
Read more... )