Tuesday, August 18, 2009
Oh dear it is all about to go pearshaped!!
â€œJuly marks the third time in the last five months where weâ€™ve seen a new record set for foreclosure activity,â€ noted James J. Saccacio, chief executive officer of RealtyTrac. â€œDespite continued efforts by the federal government and state governments to patch together a safety net for distressed homeowners, weâ€™re seeing significant growth in both the initial notices of default and in the bank repossessions.â€