Foreclosures Jump 79 Percent In '07 (CBS 2 Los Angeles)
Story date: 2008-01-29 11:39:10
Added on: 2008-01-29 11:49:57
The number of U.S. homes that slipped into some stage of foreclosure in 2007 was 79 percent higher than in the previous year, a real estate tracking company said Tuesday. Many homeowners started to fall behind on mortgage payments in the last three months, setting the stage for more foreclosures this year.
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