The American Empire in a Changing World


Saturday, July 28, 2012

''Negative Equity Problem Could Make Foreclosure Crisis Even Worse''


''Just when you thought the housing market might be on the mend, news that foreclosure activity is on the rise across the country reopens a painful wound.

Almost 60 percent of the nation's largest metropolitan areas saw increased foreclosure activity in the first half of 2012, according to a recent report from foreclosure information website RealtyTrac, with troubled states California and Florida cropping up again as major sources of the country's foreclosure woes.''

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