Foreclosures continue to soar, worst is not over
Foreclosures continue to soar, worst is not over – msnbc.com The onslaught of homes facing foreclosures has yet to ebb, a research report showed Tuesday, with bank repossessions skyrocketing last month as more troubled homeowners mailed in their keys and walked away. And the worst isn’t over: the wave of adjustable-rate loans resetting to higher rates will crest in May and June. And that’s expected to push more homeowners into default and foreclosure in the third and fourth quarters of this
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Tags: Bank, Home, Loan