Thursday, September 15, 2011

US Housing Foreclosures Flood the Real Estate Market

New foreclosure starts rose sharply in August, signaling a slew of foreclosed properties will be dumped on the already bloated housing market in early 2012.

"Notices of Default," the first stage of the foreclosure process, rose 33 percent month-to-month, according to a new report from RealtyTrac.

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