Re: housing woes



On Fri, 6 Jun 2008 02:17:05 -0500, Ron Ford <ron@xxxxxxxxxxx> wrote:

Nearly 1 in 10 American homeowners with a mortgage faced foreclosure or
fell behind in their payments in the first three months of the year,
according to a report released Thursday, a figure that offers a look
into the toll caused by the collapse of the housing market.

CNN reported that from this same report that 1 million homes
are in foreclosure, which hasn't been this high since the Great
Depression.
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