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The number of Americans losing their homes to foreclosure continued to soar in June, according to
RealtyTrac, an online marketer of foreclosed properties. Lenders repossessed 71,563 homes in June. A year ago, just 26,369 homes were taken back. During the first six months of 2008, 343,159 Americans lost their homes, up 136 percent from 145,696 recorded during the same period in 2007.
Links:
[1] http://money.cnn.com/2008/07/10/real_estate/foreclosures_no_break/index.htm