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Janna Herron writes: "The bleakest year in foreclosure crisis has only just begun. Lenders are poised to take back more homes this year than any other since the US housing meltdown began in 2006."

Nicolle Bradbury stands in front of the home she will not leave, 10/14/10. (photo: Matt McInnis/NYT)
Nicolle Bradbury stands in front of the home she will not leave, 10/14/10. (photo: Matt McInnis/NYT)

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+8 # SkDo 2011-01-13 14:22
And guess what? The homeless population has risen. Imagine that! All these empty homes, and thousands more homeless in tent cities, just like the Haitians are doing after a gargantuan earthquake! And, just like Haiti with all the international relief money still not materializing, all the fraud and corruption involved in the foreclosure crisis has still not been prosecuted and cleaned up. And, as the article says, foreclosures are expected to apex at 1.2 million MORE homes this year!

What the hell are we doing about these frauds? Sweeping them "under the carpet" I suspect, blaming the victims, and calling for more laissez-faire banking policies. Disgusting!
 
 
+6 # Ken Hall 2011-01-13 17:03
Yeah, SkDo, and the Right is doing their fraudulent best to blame it on so-called "socialist" programs instead of the criminal chicanery and short-sighted gov't deregulation that sucked the money out of the middle class. It's so much easier to blame it on "leftists" than actually learning the facts and doing some critical thinking.
 
 
+1 # Babe 2011-01-14 01:03
In some cases, I don't see why the banks cannot let the people stay in their homes and make reduced payments. It would keep the houses from deteriorating and the banks would not have to chalk it up to a loss. Seems to me that both sides could come to a win/win situation. Those houses will turn into skeletons if left empty for months, and it would be cheaper for the banks to have home-owner "caretakers," rather than hiring someone to protect the houses.
 

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