Economic Education

Foreclosures  are on the rise dispite what you've heard about a recovering economy ... and this time it isn't about people having more house than they can afford -- its about the lost of jobs.

Cities that have seen a large increase

• Houston
• Seattle
• Atlanta (where they were bursting at the seams just a few years back)
• 149 of Nation's largest cities have seen increase

$$$$$$$$$$$$$$$$$$$$$$$$

Foreclosure rates increases:

Houston 26%

Seattle 23%

Atlanta 21%

Chicago 16%

$$$$$$$$$$$$$$$$$$$$

1 in 45 households rec'd foreclosure filings 2010

2.9M homes rec'd foreclosures in 2010

increased by 1.67% over 2009

30K homeowners participated in Gov'ts anti-foreclosure Program (Dec 2010)

info from RealtyTrac

$$$$$$$$$$$$$$$$$$$$$$$

Good thing we went so deeply in Federal debt to "save" the country, huh?

It is worse now than it was under Carter, I swear ... we will never see 80cent loaves of bread again.