Foreclosures: 'Worst three months of all time'

Despite concerted government-led and lender-supported efforts to prevent foreclosures, the number of filings hit a record high in the third quarter, according to a report issued Thursday.

"They were the worst three months of all time," said Rick Sharga, spokesman for RealtyTrac, an online marketer of foreclosed homes.

During that time, 937,840 homes received a foreclosure letter -- whether More..

http://money.cnn.com/2009/10/1.. (Link)

Added: Oct 15 2009 In: news_politics

Recorded on: Oct 15 2009

By: freedomplow

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This is the 'dead canary' to our economy people...WAKE UP!!!!

Posted Oct-15-2009 by "Rob8729" (R)

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dont worry everyone the MSM says everything is getting better.

dont believe the facts that the housing market is still plummeting, the dollar is falling on its face, layoffs still at record numbers, unemployment claims still at record numbers, trillions being swindled through the federal reserves secret operations.

everything is ok, go back to your beer, football, american idol and desperate housewives.

Posted Oct-15-2009 by "ml99vette" (R)

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Yes and guess what FHA is in trouble now and over 23% of theirs are in foreclosure

Posted Oct-15-2009 by "ubdumb" (R)

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Let's not forget $1.2 trillion in adjustable rate mortgages which are due to reset come April of 2010. Now there's something to look forward to for next year.

Posted Oct-15-2009 by "knowyourlimit"

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