Copyrighted Image? DMCA | US home foreclosures hit a new record in 2010, as millions of families faced a disastrous combination of joblessness, falling wages, and plunging home values. The latest foreclosure figures, released Thursday by Realtytrac.com, comes amidst a bout of negative economic statistics that underscore the depth of the social crisis. Experts say the worst is yet to come. "The 2010 numbers came out significantly lower than we expected as a result of the mortgage documentation scandal," said Daren Blomquist, Director of Marketing Communications. "But those foreclosures which were halted--about a quarter million--will simply be pushed to next year." |
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