Once again the numbers are in and the Foreclosure problem is spreading. Yesterday RealtyTrac released the 2009 Year-End U.S. Foreclosure Market Report. Florida and three other states accounted for more than 50 percent of the national total in 2009.
“While it was expected that cities from states with the highest levels of foreclosure activity would top the charts, there is evidence that we’re entering a new wave of foreclosures, driven more by unemployment and economic hardship than what we’ve seen over the past few years,” said RealtyTrac CEO James J. Saccacio.
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