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Work & Foreclosures: Losing Jobs Means Losing Homes

Until the past few years foreclosures were rare. In fact, the Mortgage Bankers Association reports that in March 2005 just .44 percent of all loans were in the foreclosure process, a figure which grew almost seven-fold to 2.97 percent as of December 2008.
For 2008, reports RealtyTrac.com, 2,330,483 U.S. properties received one or more foreclosure notices, [...]

2Mar2009 | Peter G. Miller | 0 comments | Continued