Ahem ... every 13 seconds, there's another foreclosure | News
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Friday, February 6, 2009

Ahem ... every 13 seconds, there's another foreclosure

Posted by on Fri, Feb 6, 2009 at 4:07 PM

The Center for Responsible Lending reports that just since January 1, more than 240,000 new foreclosures have begun in America -- or one every 13 seconds. If anybody really wants the economic bleeding to stop, CRL says, they should start by cauterizing this open wound. CRL is a Durham-based organization with national expertise and clout. Check out their report -- and their up-to-the-second count of new foreclosures in '09 -- at their website.

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