NEW YORK CITY-Foreclosure rates in the US housing marketcontinue to be on the rise, thereby affecting the stability of homeprices and forcing many Americans to lose their homes.
According to RealtyTrac, the month of July witnessed over300,000 foreclosure filings, which included bank repossessions,auction notices and default notices, making it the 17th consecutivemonth to report such a high number of foreclosures. Bankrepossessions have increased over the past eight months, with92,858 homes repossessed in July. For the full story, go toNew York Times.
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