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June 15th, 2012 
FAKE NEWS for the Zionist agenda Previous Post: Iranian human rights lawyer jailed for 13 years nbsp
US foreclosures up for first time in 27 months
Reuters – Foreclosure starts rose year-over-year in May for the first time in more than two years as banks resumed dealing with distressed properties after a mortgage abuse settlement earlier this year, data firm RealtyTrac said on Thursday. The $25 billion settlement between major banks and states, formally approved in April, had been expected to jump-start foreclosure proceedings that were previously stalled by uncertainty about the liability of banks. Overall foreclosure activity, which includes default notices, scheduled auctions and bank repossessions, affected 205,990 properties in May, a 9.1 percent increase from April. Read Article
Tags: 2nd Great Depression, banks, debt wealth, North America
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