Foreclosures spike - and will get much worse

Aol Real Estate Contributor
Updated

NEW YORK (CNNMoney.com) -- The risk of foreclosure is on a rapid rise nationally, and could last for years.
A report released Monday by First American Core Logic rates foreclosure risk for 381 metropolitan areas, and found that the risk of foreclosure has jumped 22 percent from January 2007, and 9 percent from three months ago.
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