Updated: 1/5/09; 9:37:01 PM

 Wednesday, September 13, 2006

Foreclosures spiked in August

In Massachusetts the forclosure rate is rising fast. There are a lot of families carrying such a heavy debt load that when the ARM goes up it breaks their budget. CNNmoney - Rising payments on adjustable-rate mortgages contribute to 53% jump in foreclosures.
- Posted by Gary Secondino - 4:52:39 PM - trackback []