New Republic - In October, foreclosure starts were up 20 percent compared to the year before, according to numbers from ATTOM, a real estate analysis firm. Moreover, the rate has been rising for eight months in a row. Because it can take banks as many as three months to start the foreclosure process, these cases aren’t caused by momentary blips from the government shutdown. These are continuing signs that American families have been struggling to pay their bills all year.
None of these numbers have risen to Great Recession levels, but the fact that they are following years of record lows in foreclosures is a bad sign, pointing to a crisis over the horizon. Averting such a calamity isn’t easy in most instances. This administration, however, is not even trying.
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