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Foreclosures Surge 48% in May

It's the second straight monthly record

By the Associated Press

Posted Jun 13, 2008 9:35 AM CDT

(AP) – The number of US homeowners swept up in the housing crisis rose further last month, with foreclosure filings up 48% over a year earlier. Nationwide, 261,255 homes received at least one foreclosure-related filing in May, up 7%  from April and the second straight monthly...   Read full story »

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