LYCOS RETRIEVER 
Foreclosures: Country
built 170 days ago
The re-listing of available U.S. Housing and Urban Development (HUD)-owned properties in Alabama, Arkansas, Florida, Georgia, Kentucky, Louisiana, Mississippi, Oklahoma, South Carolina, Tennessee and Texas, resulted in the increase of new foreclosures in October. By September 29, HUD identified all the properties it would set aside for the victims of the storm and started re- listing inventory on October 6. For the remaining areas of the country, there was less than a one percent increase in new foreclosures from September to October.
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Rising unemployment coupled with sub-prime loans fiasco have led to unprecedented number of foreclosures that is gnawing into the entrails of the country. In the previous year 50,000 residents of Minnesota had fallen back in their payments. Of these 20,500 lost their houses.
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Countrywide's unscrupulous business practices and lax mortgage lending standards paved the way for a subprime mortgage crisis that has led to thousands of foreclosures nationwide. Hundreds of thousands of Countrywide borrowers are on the verge of losing the single most important asset in their lives -- their homes.
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With home foreclosures skyrocketing around the country, there has never been a better time to learn how to invest in foreclosures. Not only can you get your next house for up to 75% off, but you'll ... be helping families with house problems.
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