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Home / Government / Foreclosure rates surge, biggest jump in 5 years

Foreclosure rates surge, biggest jump in 5 years

By ALEX VEIGA AP Real Estate Writer LOS ANGELES (AP) — A record number of U.S. homes were lost to foreclosure in the first three months of this year, a sign banks are starting to wade through the backlog of troubled home loans at a faster pace, according to a new report. RealtyTrac Inc. said Thursday that the ...

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