Article Image
News Link • Housing

Foreclosure rates surge, biggest jump in 5 years

• AP
A record number of U.S. homes were lost to foreclosure in the first three months of this year, a sign banks are starting to wade through the backlog of troubled home loans at a faster pace.
The number of U.S. homes taken over by banks jumped 35 percent in the first quarter from a year ago. In addition, households facing foreclosure grew 16 percent in the same period and 7 percent from the last three months of 2009.

Join us on our Social Networks:


Share this page with your friends on your favorite social network: