I've read about the foreclosure freeze and the stories from the victims. I noticed a common thread with all of them: the victim was having trouble making the mortgage payments because they lost their job. It is an absolute joke this "jobless recovery." I can't imagine how huge the recovery would have been if taxes were cut $1 trillion. Or even 1/2 of that would have been more than enough to have a real recovery.
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Banks seize 288K homes in Q3, but challenges await - Yahoo! News: "Banks have seized more than 816,000 homes through the first nine months of the year and had been on pace to seize 1.2 million by the end of 2010. But fewer are expected now that several major lenders have suspended foreclosures and sales of repossessed homes until they can sort out the foreclosure-documents mess."
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