Every month it gets worse and there’s no relief in sight as the biggest batch of adjustable rate resets are still yet to occur. Credit markets are frozen, people are over spent and the pain has just begun to be felt. The perceived wealth of American households is evaporating as home foreclosures double.
Foreclosure Filings Nearly Double: Financial News – Yahoo Finance
U.S. Foreclosure Filings Nearly Double in September Over Same Month a Year Ago