Friday, February 6, 2009

Foreclosures Rising: One Every 13 Seconds

This is a bit on the disturbing side.

I just finished reading the article and we already had another 10 foreclosures.

Foreclosures are up by more than 5,000 since the original article was written.
clipped from

For anyone who needs a constant reminder of misery, the Center for Responsible Lending (CRL) has added a new feature to its Web site.


CRL, a nonprofit research and lobbying group, which favors aggressive policies to help distressed borrowers, now features on its home page a continually updated tally of the estimated number of home foreclosures started since Jan. 1. The total stood at more than 237,000 early Thursday afternoon and is rising at a rate of one every 13 seconds.

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