According to this article the total numbers of homeowners suffering foreclosure has moved down to a new low point (compared to the peak of 2011). That is excellent news. However, not much comfort for the more than 6 million American households that have already lost their homes to foreclosure.
According to this information it appears that New Jersey, New York, Illinois, Florida and Nevada (dark red states), are still leading the pack with the highest foreclosure rates. This plague has taken down, disrupted, and displaced the lives of so many hardworking families over the past many years; it’s hard to forget about all of that. It’s also hard to forget the fact that those that engineered the mortgage debt paper crisis, which resulted in the foreclosure crisis got away with all of their wrong doing and greed. The fact that the situation does not appear to be “growing” is also good news. But as the article says “approximately 648,000 homes in the United States were in some stage of foreclosure” (as of June 2014) is not something to be celebrated. Those 648,000 families still represent an enormous amount of our neighbors and countrymen.
CLICK HERE to read this entire source article by Steve Goldstein for Market Watch’s “Capital Report”.