U.S. 2009 foreclosures shatter record despite aid (Reuters)

Posted by admin in Wednesday, January 13th 2010   under: Uncategorized    Tags: , , , , , , , , ,    

Since the housing crisis began, this inland port city 80 miles east of San Francisco has had one of the worst foreclosure rates in the country, for most of the time, the worst. (AP Photo/Marcio Jose Sanchez)Reuters - U.S. foreclosure actions shattered all records in 2009 and will do so again this year, with unemployment and wage cuts overcoming programs to remedy failing home loans, RealtyTrac said on Thursday.

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