The increase in the number of foreclosure homes in the United States is fueled by a rise in mortgage defaults in some states, including Georgia, Louisiana, Texas and New York, where unemployment rates are also on at a record pace.
A triple rate increase in Central Florida foreclosures is seen in the cities of Deltona and Kissimmee while Bank of America is planning to grant $2.5 million to help stem the tide of foreclosures.
Print This Article
Add To Favorites