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US foreclosures up 55%

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  • US foreclosures up 55%

    According to analysts, Realtytrac, over 272,000 people in the US were issued with a foreclosure notice last month - this represents an increase of 55% compared with last year. Approximately 77,000 properties were repossessed by banks, according to the figures, while an astounding 17% of the homes up for sale are foreclosure properties. Florida and California [...]

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