Comment on Foreclosure filings swell 81 percent from '07 level

Foreclosure filings swell 81 percent from '07 level

WASHINGTON -- More than 2.3 million American homeowners faced foreclosure proceedings last year, an 81 percent increase from 2007. Still, the worst has yet to come as consumers grapple with layoffs, shrinking investment portfolios and falling home prices.

 

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