According to the center for responsible lending, since 1/1/09 there has been a foreclosure ever 13 seconds. As of this writing the counter is at 244,286. Florida foreclosures are at 42,546 since 1/1/09. I hope at some point all these homes need to be appraised.
Website: center for responsible lending: http://www.responsiblelending.org/index.html
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