Are we in a recovery as the financial media tells us?
U.S. home foreclosures jumped 12 percent last month, but the sharp divide between states suggests the industry remains backlogged by investigations into the foreclosure process. According to a report from real estate data firm RealtyTrac, lenders foreclosed on 78,133 properties in January, up 12 percent from the month before, but down 11 percent from January a year ago.
Here we are, 3 years after the banking collapse, 4 years after the housing bubble popped, and foreclosures are still rising. This is certainly some recovery we got working!!!
U.S. home foreclosures jumped 12 percent last month, but the sharp divide between states suggests the industry remains backlogged by investigations into the foreclosure process. According to a report from real estate data firm RealtyTrac, lenders foreclosed on 78,133 properties in January, up 12 percent from the month before, but down 11 percent from January a year ago.
Here we are, 3 years after the banking collapse, 4 years after the housing bubble popped, and foreclosures are still rising. This is certainly some recovery we got working!!!