The Crescent Report

January 29, 2008

Foreclosures up 75% in 2007

Filed under: Uncategorized — Tags: , — Imam Mahdi Bray @ 4:32 pm

 

Something needs to be done about this looming crisis

The number of foreclosures soared in 2007, with 405,000 households losing their home, according to a report released Tuesday. That’s up 51 percent from the 268,532 homes that were repossessed in 2006.

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