New wave of foreclosures threatens market

March 14, 2010

New wave of foreclosures threatens market

While banks repossessed fewer homes in February than a month earlier, borrowers continued to fall behind on their payments, adding to the inventory of properties headed toward foreclosure that have yet to be put on the market, according to RealtyTrac.Swelling ranks of homeowners who are seriously delinquent but haven’t yet lost their homes may soon lead to a new round of foreclosures.





Foreclosure - Real estate - Business - RealtyTrac - United States

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