US foreclosures break records
China Daily | Updated: 2010-01-15 08:09
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A foreclosure sign outside a home in Winchester, Virginia. One in every 45 households got at least one filing last year. Bloomberg News |
NEW YORK: US foreclosure actions shattered all records in 2009 and will do so again this year, with unemployment and wage cuts overcoming programs to remedy failing home loans, RealtyTrac said yesterday.
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