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US foreclosures hit new record in 2009

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posted on Jan, 14 2010 @ 12:25 PM
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A record 2.8 million households were threatened with foreclosure last year, and that number is expected to rise this year as more unemployed and cash-strapped homeowners fall behind on their mortgages.


In December, more than 349,000 households, or one in 366 homes, were hit with a foreclosure-related notice. That represents a 14 percent spike from November and a 15 percent jump from December 2008.


news.yahoo.com...

[edit on 1/14/2010 by eldard]




posted on Jan, 14 2010 @ 12:27 PM
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Odd. I didn't see the word "unexpected" anywhere in that report. This reporter should be fired.


news.yahoo.com...



posted on Jan, 14 2010 @ 12:29 PM
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Great find
It appears that more and more of these type of articles are showing up
I know if it was me i would just not leave my house
What would they do if 2.9 million people said no?



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