Many more U.S. homeowners face the prospect of losing their homes this year as banks pick up the pace of foreclosures.
"We are right back where we were two years ago. I would put money on 2012 being a bigger year for foreclosures than 2010," said Mark Seifert, executive director of Empowering & Strengthening Ohio's People (ESOP), a counseling group with 10 offices in Ohio.
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The Housing Bubble keeps on giving trouble.
1 comment:
According to the story, the foreclosure fallout from the housing bubble imploding isn't driving this wave of foreclosures. It's inadequate household income to service the mortgage debt.
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