foreclosures have grown at an alarming rate, especially since 2006. In August, 2006, an estimated 115,292 residential properties entered into Foreclosure, according to RealtyTrac, an online marketplace for Foreclosure statistics.
In October, 2007, the number of homes in Foreclosure was reported to have surpassed the 1 million mark. With more Adjustable Rate Mortgages (ARMs) adjusting this [...]