Michigan Attorney

How Bad Is Foreclosure Crisis?

Worse all the time, this is not your father’s recession.

Home delinquencies set a record in the first quarter, which inevitably means more foreclosures to come.

This is no longer a sub-prime crisis, as foreclosures, not delinquencies, on prime mortgages doubled over a year ago and half of the new foreclosures in the first quarter were on prime mortgages.

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