Wednesday, June 13, 2007

Video News: Foreclosures WAY UP

WOW! According to this report, foreclosures are WAY up! "RealtyTrac is reporting that May foreclosures are up 90% over the same month last year. California is up 350% over the same month last year."

Here's the link: http://www.cnbc.com/id/15840232?video=373996592

Stunning numbers that don't help the housing market...and rising rates don't help.

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