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Homes Lost To Foreclosure up 25%

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Rickson9

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Unfortunate news for U.S. homeowners :(

"LOS ANGELES — Lenders took back more homes in August than in any month since the start of the U.S. mortgage crisis. The increase in home repossessions came even as the number of properties entering the foreclosure process slowed for the seventh month in a row, foreclosure listing firm RealtyTrac said Thursday. In all, banks repossessed 95,364 properties last month, up 3% from July and an increase of 25% from August 2009, RealtyTrac said." - USA Today

http://www.usatoday.com/money/economy/housing/2010-09-16-foreclosures_N.htm?imw=Y
 
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