Are we starting to see the next wave of foreclosures?Submitted by DeleteInCorrect on Wed, 07/15/2009 - 15:27
I've been following MD foreclosures for about a year now and several days ago noticed the number of foreclosures going up after seeing them fall in recent months. Today I saw this about a big MD foreclosure wave happening now:
In fact, it was that inc in MD foreclosures that got me started searching for news of another wave of foreclosures. Just a couple days ago, I posted this to the DP about the Chicago Tribune running a story early this month predicting the next wave of foreclosures across the nation to be coming soon.
If this takes off as predicted, the green shoots of the false prosperity will wilt.