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daniel April 25, 2015April 20, 2016 Bank of America, Foreclosure, Foreclosure rate, Foreclosure Rate Increases, foreclosures, Foreclosures incresae, Gold, GOOG, HELOC, Home equity line of credit, Home Equity Loan, Income Inequality, More foreclosures, Mortgage, Mr. Market, Mr. Money Mustache, Real Estate Boom, subprime mortgages, Value Investing, Warren Buffett

Rising Foreclosure Rate Points to Ongoing Financial Crisis

What is even more worrisome is that the number of bank repossessions, or REOS, increased by 49% between February and March 2015, RealtyTrac reported. The bank repossession rate hit a 17-month high and rose to a rate that was 25% higher than for March 2014. These statistics indicate that the foreclosure crisis has returned with a vengeance, folks.