Tuesday, August 18, 2009

find out where defaults and REOs spiked in July

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Foreclosure activities sets a new record high in July. Is the foreclosure dam beginning to break?
A jump in defaults and bank repossessions (REOs) nationwide boosted July's
foreclosure activity to a new record high. Foreclosure extensions, moratoria
and loan modification programs may be cracking under the pressure of the
flood of foreclosures they've been hastily built to hold back.
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