U.S. foreclosure filings increased 53 percent in June from a year earlier and bank seizures rose the most on record as deteriorating property values and higher rates on adjustable mortgages forced more people to give up their homes.GET THAT!?! IT SAID: "one in 501 U.S. households" - YET THEY WROTE A HEADLINE THAT MAKES IT SEEM AS IF FORECLOSURES ARE EXPLODING!!!!!!!
More than 252,000 properties, or one in 501 U.S. households, entered a stage of the foreclosure process, RealtyTrac Inc., a seller of default data, said today in a statement.
ONE IN 500 IS .20%. THAT'S , 1/5TH OF ONE PERCENT ENTERED A STAGE OF FORECLOSURE.
- A GROWING NUMBER WE SHOULD BE CONCERNED WITH, BUT NOT A NATIONAL CATASTROPHE.
- THE ECONOMY IS NOT IN SHAMBLES.
- IT'S SOFT.
- WE NEED TO ADJUST. MOSTLY TO EXTREMELY HIGH ENERGY COSTS.
- WE WILL.
- AND SOON IF YOU ALL WOULD JUST STOP READING THE MSM'S PROPAGANDA.