An article in Blomberg News reports that home foreclosures doubled nationwide in September from a year earlier. The foreclosure rate was one for every 557 households. Nevada, Florida and California had the 3 highest foreclosure rates. “The truth of the matter is that borrowers are going into default as soon as they hit their adjustments,” said Rick Sharga, of California-based RealityTrac.
Share this: del.icio.us | Digg | Ma.gnolia | Reddit | Stumble Upon |