January foreclosures up 27 percent
In a report just released by a foreclosure tracking service the number of homes in foreclosure increased a whopping 27% in January 2006 and a 45 percent increase from January 2005, with the state of Georgia leading in the number of foreclosures.
“The number of foreclosures from predatory lenders and inflated appraisals remains unclear until investigations are complete, but the numbers will be forthcoming” said consumer advocates at Household - HSBC Watch. “A predatory credit card can ruin the family budget just like losing one’s job, divorce, etc., which then causes a domino effect” the group went on to say.
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