What Role Banks Play in Foreclosure Statistics For the First Half Year of 2010

It is reported in the media that for the half-year ended 30th June 2010, the number of foreclosure filings – which includes default notices issued by lending banks and institutions on delinquent borrowers; scheduled foreclosure sale public auctions and bank repossessions in the country – stood at 1,961,894 U.S. homes. During the first half of this year, one in 78 U.S. homes has fallen into the foreclosure trap.

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