Trial loan modifications, state legislation extending the foreclosure process and a clog in the foreclosure pipeline couldn’t keep the foreclosure filings from hitting 349,519 in December, up 14% from November and 15% from a year earlier, when a similar spike occurred.
A massive supply of delinquent loans continues to loom over the housing market, and many of those delinquencies will end up in the foreclosure process in 2010. The year total was 2.8 million foreclosure filings SOURCE
POLL
24% of the nation’s voters Strongly Approve of the way that Barack Obama is performing his role as President. Thirty-nine percent (39%) Strongly Disapprove. SOURCE
Americans losing their homes and all the democrats and Obama can think about is bring about higher cost health care for the American families! Include job lost and the working man is hurting, when will the democratic control congress start working for the citizens instead of causing prices to skyrocket and raising our taxes? Obama has fail the American people his first year! I’m sure the 2.8 million that’s losing their home know that Obama was the wrong man for president!
