Foreclosures Down 34 Percent in 2011
More people avoided foreclosure last year as filings and repossessions dropped off significantly to the lowest point in four years. (Jan. 11)
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lol, what a joke!! you dumb americans keep kicking the can down the road. Keep living on credit you dumb hillbillies lol
@dekarate1
People believe what they are told to believe, isn’t the media a wonderful thing?
Way to go Obama! Even with Republicans in the Senate blocking every single move he makes to improve the economy he is succeeding. Republicans claimed yesterday the economy is improving due to Mitt Romney doing so well?
2009 918,000 foreclosures
2010 1,050,000 foreclosures
thru NOV 2011 1,393,163 foreclosures
HOW ARE THE RATES DOWN????? IS THIS MORON MATH
Late in 2011 they said foreclosures would be up in 2012.
@peepeevagi
No. The monetary system dictates that when the music stops someone will always be left without a chair. This is because the amount of debt in America is greater than the amount of money in print. The fed gives the money to banks for free at this point, they lend it to you at interest. They create money from thin air.This is their right (thx government!). The problem with this is now the interest rate is bottomed out, and they have our bailout money and many people are now homeless.
I am currently Occupying a Foreclosure Home and may start posting a series of videos about my experience along the way. I would like to see those who would be interested in following me along my Occupy Foreclosure journey to subscribe to my channel. The more subscribers that I get the more interest will have in posting the videos. Anyone interested in following along?
LIES! Just look up SHADOW INVENTORY~
Actually .. now people are snatching up foreclosures too.. and eventually prices will go back up and I’m sure the same process will repeat unless lessons have been learned….
@ShogaNinja Eh, if the circle of life teaches us that some must die, the circle of economy must have taught us that some must be foreclosed upon.
Don’t buy a house. Rent for life.
Fun fact: RT will try to misrepresent these facts in a pathetic attempt to rile up sheep :U
The bubble popped. Most of the people who were going to get kicked out have been kicked out already and are homeless. Everyone else either bought their home without ARMs or are lucky to be stable. THANKS BANKS! That’s why we bailed you out. You are so wonderful and too big to fail.
Kind of hard to Foreclose on the homeless.