Foreclosures Six Times Higher Than Average

Ahh, nothing like the "Community Reinvestment Act", various US Justice Departments, Fannie Mae and artificially low fed interest rates to create a cesspool of homes that should never have been built or sold.

And the forclosure sale process is still not as strong as it could be, because right now, people aren't even willing to shell out extra cash for those houses -- it's called a deepening recession, and the media pundits can do nothing to stop it.

http://www.msnbc.msn.com/id/43175612/ns/business-personal_finance/

 

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