Home Foreclosures On Rise While Obama Says Economy On The Right Path

Posted by Brian
As Obama goes around the country telling Obama-zombies that the economy has turned around, and that we are on the right track, home foreclosures are on the rise again.

Foreclosures on the Rise Again 
Published: Thursday, 16 Feb 2012 | 12:04 AM ET
By: Diana Olick CNBC Real Estate Reporter

After a year-long reprieve from rising foreclosures, the numbers are going up again.
One in every 624 U.S. households received a foreclosure filing in January, up 3 percent from the previous month, according to a new report from RealtyTrac.  Foreclosure activity froze in many states in 2011, due to processing delays after fraud, or so-called "Robo-signing," were uncovered in the fall of 2010.  The thaw is now on.
Read More at CNBC
Enhanced by Zemanta

No comments:

Post a Comment