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Home Foreclosures Hit Record

August numbers double, with no end in sight

By Kevin Spak,  Newser Staff

Posted Sep 18, 2007 12:14 PM CDT

(Newser) – Another 108,716 American homeowners received foreclosure notices in August, a record total more than double last year’s figure. And this is only the beginning, say analysts, who expect even more subprime borrowers to default over the next 2 years. That will further depress...   Read full story »

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