Saturday, July 31, 2010

I told you we should have given the money to the people at the bottom...

but, no! We gave it all to the rich and now there is not enough to help the vast majority of people who need help.

Homes keep falling into foreclosure as programs fail to help

More than three years into the housing crisis that helped trigger a worldwide recession, the torrid pace of home foreclosures continues to tear at the core of the American dream.

New figures Thursday from Realty-Trac showed that foreclosure activity declined over the first six months of the year in nine of the 10 large metropolitan areas with the highest foreclosure rates.

However, most of the 206 metropolitan areas with 200,000-plus residents didn't fare as well. In fact, three out of four posted year-to-year increases in their foreclosure rates. Seventeen of the 20 hardest-hit areas were in Florida and California

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