9/18/2007
Every day we hear another news report that says "foreclosures at an all time high."
This is very misleading to the average consumer. Foreclosure notices are sent to people who are 90 days behind--not actually losing the house and moving out.
So news writers have to word it like "foreclosures zoom out of sight" versus "125,900 people were sent notices that they are 90 days behind on their payment." See which is catchier?
So, be careful what you read and do your homework as to not be fooled.
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