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US foreclosure filings surge 48 percent in May

June 13th, 2008 · Permalink



In this May 9, 2008 file photo, a foreclosure sign stands outside an existing home on the market in Denver. The stress from deepening debt is becoming a major pain in the neck, and backs and heads and stomachs, for millions of Americans. When people are dealing with mountains of debt, they're much more likely to report health problems, too, according to an Associated Press-AOL Health poll. (AP Photo/David Zalubowski/file)AP - Soaring foreclosures are continuing to raise questions about the mortgage industry’s claims that they are making a dent in the housing crisis.


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Tags: gloom & doom · national