New round of foreclosures threatens housing market - washingtonpost.com: "The housing market is facing swelling ranks of homeowners who are seriously delinquent but have yet to lose their homes, and this is threatening a new wave of foreclosures that could hit just as the real estate market has begun to stabilize."
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"Seriously delinquent" as in "haven't made a mortgage payment in three months or more." We are getting close to 10% of all US mortgages falling in that category, folks. And from where I sit here in bankrupt Illinois, the job losses are mounting.
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