Regular Contributor
truelie
Posts: 71
Registered: ‎02-26-2012
Americans brace for next foreclosure wave

 

 

Reuters) - Half a decade into the deepest U.S. housing crisis since the 1930s, many Americans are hoping the crisis is finally nearing its end. House sales are picking up across most of the country, the plunge in prices is slowing and attempts by lenders to claim back properties from struggling borrowers dropped by more than a third in 2011, hitting a four-year low.

 

But a painful part two of the slump looks set to unfold: Many more U.S. homeowners face the prospect of losing their homes this year as banks pick up the pace of foreclosures.

 

http://www.reuters.com/article/2012/04/04/us-foreclosure-idUSBRE83319E20120404