April Foreclosure Rates Up 32%

[Tony Severino]

Well, as the pinheads in the media tell the world there is a glimmer of hope and the economy may be starting a turn around, one in every 374 houses received a foreclosure notice last month. Hmmm. That is even higher than last month.

Lets see if I get this right... There are another 342,000 foreclosures filed last month, 340,000 in march, which was up 17% from February which was up 46% from 2008.

The lenders got tired of waiting for the "Anointed Ones" plan to work with foreclosures and took the voluntary freeze off.

And the economy shows a glimmer of hope...?

Facts, solid unbiased data, shows that we are far from a recovery.

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Tony Severino