Foreclosure Crisis Shows No Signs of Abating

by juliaredstone | October 8, 2010 at 12:03 pm

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Will the economy recover in the next months? The housing crisis is not showing any signs of that, read this article to get more information:

The US economy is on a tailspin. Unemployment is at its peak. As people lose jobs, even those with very high credit scores are faltering on mortgage payments. Hence, foreclosures have become common.
Last month, particularly, foreclosures were very high. This was revealed by a survey. According to the survey, the foreclosure crisis shows no signs of abating. Cambridge attorney Paul Collier said that the situation is getting worse by the day. He is getting calls from people whose homes have been foreclosed upon.