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U.S. foreclosures more than double in 1Q

May 2nd, 2008 · No Comments

From the Denver Post: U.S. foreclosures more than double in 1Q

LOS ANGELES — The number of U.S. homes heading toward foreclosure more than doubled in the first quarter from a year earlier, as weakening property values and tighter lending left many homeowners powerless to prevent homes from being auctioned to the highest bidder, a research firm said Monday.

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