GS and Bank of Morons could topple the financials and the rest of the market with them.
Home forcloseures up 16% over 1Q 2009.
Someone is going to have to pay............Who was it that said, "Let them eat cake?."
IRVINE, CA--(Marketwire - April 15, 2010) - RealtyTrac® (www.realtytrac.com), the leading online marketplace for foreclosure properties, today released its U.S. Foreclosure Market Report™ for Q1 2010, which shows that foreclosure filings -- default notices, scheduled auctions and bank repossessions -- were reported on 932,234 properties in the first quarter, a 7 percent increase from the previous quarter and a 16 percent increase from the first quarter of 2009. One in every 138 U.S. housing units received a foreclosure filing during the quarter.
HB