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News Link • Economy - Economics USA

Foreclosures Hit All-Time High

• The Business Insider
 Realty Trac.

This rose at a substantial 5% clip since Q2.

If you're aren't feeling the pain perhaps you don't living in one of the six states which accounted for 62% of nationwide foreclosures alone:

California - down 1.5% Florida - -0.7% Arizona - +5% Nevada - +9.8% Illinois - +13.7% Michigan - +9.5%

Basically, the pace of activity in the old sand states is finally winding down, but the crisis is spreading to the Midwest, and it's happenign fast.

Read the official release here.

See also Barney Frank Predatory Lender

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