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US foreclosures break records

China Daily | Updated: 2010-01-15 08:09

US foreclosures break records

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.

US foreclosures break records

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