Foreclosures filing set record in April, RealtyTrac says - May. 14, 2008: "NEW YORK (CNNMoney.com) -- U.S. foreclosure filings reached a record high in April, rising almost 65% over the previous year and putting municipalities at risk by cutting into the value of taxed property, according to a study released Wednesday."
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The ripples continue to spread. Foreclosures are hurting CIDs and now municipalities, along with mortgage companies.
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