US Foreclosure Rates Surge, Biggest Jump In 5 Years; ‘More Than 1 Million Bank Repossessions This Year’

There is no recovery! LOS ANGELES (AP) - A record number of U.S. homes were lost to foreclosure in the first three months of this year, a sign banks are starting to wade through the backlog of troubled home loans at a faster pace, according to a new report.RealtyTrac Inc. said Thursday that the number [...] continue reading world news