Thursday, October 15, 2009


BANZAI7 NEWS--Despite the Dow hitting 10,000 and hopes for an economic recovery, the third quarter shows that the foreclosure plague is still spreading.

Despite concerted government-led and lender-supported efforts to prevent foreclosures, the number of filings hit a record high in the third quarter.

"They were the worst three months of all time," said RealtyTrac spokesman Rick Sharga.

Is the economy doing what the DOW tells you it is doing? What does your gut say?

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