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January 18th, 2010 11:12 PM
According to a recent study published this week by RealtyTrac, 1 in every 45 U.S. Households have received at least one foreclosure letter filing, which has jumped to a record high of 2.82 million for 2009. As bad as the 2009 numbers are, they probably would have been worse if not for legislative and industry-related delays in processing delinquent loans.  In the long term, 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 early 2010 and throughout the year, as lenders slowly work their way through the backlog of delinquencies and coupled with the high unemployment rates the outlook does not seem too good.   What do you think?

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Posted by Kevin Ireland on January 18th, 2010 11:12 PMPost a Comment

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