More Foreclosure Trouble Ahead

The foreclosure crisis is far from over, according to RealtyTrac's Rick Sharga. The company will release its year-end report on Thursday showing foreclosures rose 20% over the previous year: “We are setting new records almost every day…the problem is getting worse…we are in the second wave of a three wave foreclosure cycle.”

Also re commercial realty and next wave of bank losses see: As Buildings Empty, Banks' Credit Woes Pile Up.

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