Take this with a grain of salt. Banks are taking back more homes than ever before and commercial foreclosures are sure to go balistic soon too!
In February, 121,756 homes were repossessed by banks and lenders, up from 72,694 in January and topping the previous high of 104,243 last September, according to Foreclosures.com.
Source:
http://www.thetruthaboutmortgage.com/completed-foreclosures-hit-new-high-in-February/
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