Foreclosure Backlog Casts Pall Over Housing Recovery
Banks now hold more than 872,000 homes, nearly twice as many as in 2007, The New York Times reports, citing data from RealtyTrac. In regions like Atlanta and Minneapolis, banks are seizing more homes than they're selling, suggesting that their staffs are overwhelmed by the volume of foreclosures, notes the NYT.
Read the full story at The Huffington Post.
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