It’s vanishing for more and more people, unable to make their housing payments. It once was quite simple: if you worked hard, made a decent amount of money, you could afford to buy a home and maintain it. Not so, for many middle-class Americans today. They’re watching their dream explode right in front of their eyes. Merry Christmas.
Foreclosures up 68% in November
U.S. home foreclosures rose 68 percent in November from a year earlier as adjustable-rate mortgages left subprime borrowers unable to meet higher payments, according to data compiled by RealtyTrac Inc. There were 201,950 foreclosure filings in Nov [...]
Tags: Economy, Foreclosures
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