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Loan Modification

: Loan Modification & Home Loan News

Unemployment Killing Hopes of a Housing Recovery

By Moe Bedard

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A record 3 million U.S. homes will be repossessed by lenders this year as high unemployment and depressed home values leave borrowers unable to make their house payment or sell, according to a RealtyTrac Inc. forecast. Last year there were 2.82 million foreclosures, the most since RealtyTrac began compiling data in 2005. More than 4.5 million [...]

Full post as published by Loan Modification & Home Loan News on January 19, 2010 (boomark / email).

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