August foreclosures hit another record high

[corporatemedia]

Source: CNNMoney.com

August foreclosures hit another record high

There were 304,000 homes in some stage of default last month, and 91,000 families lost their homes.


NEW YORK (CNNMoney.com) -- Foreclosures hit another record high in August: 304,000 homes were in default and 91,000 families lost their houses.

More than 770,000 homes have been repossessed by lenders since August 2007, when the credit crunch took hold.

The report from RealtyTrac, an online marketer of foreclosures properties, is the latest in string of bad news for housing.

Foreclosure filings of all kinds, including notices of defaults, notices of auctions and bank repossessions, grew 12% in August over July, and 27% compared with August 2007.


Read more: http://money.cnn.com/2008/09/12/real_estate/foreclosures/index.htm?postversion=2008091205

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Ownership society my ass!

[FreakinDJ]

1. 770,000 homes have been repossessed by lenders since August 2007

kinda says it all right there

Do ya think we can "lay off" Phil Gramm yet

[fascisthunter]

2. Actually, Ownership Society was Code for the Upper Class

when a Republican says the economy is fine, they mean it for the upper class.....

[corporatemedia]

5. Actually, I was addressing the SHILL in Chief - bush. He's gotten very little ...

blame for this mess in spite of the large part he played.

See my post from over six months ago.

http://www.democraticunderground.com/discuss/duboard.php?az=show_mesg&forum=389&topic_id=2944802&mesg_id=2944802

But you are right in the fact that the ideal republican "ownership society" would be when their class of society has ownership of everything.

[fascisthunter]

6. Yeah... I understood your Post and in No way was trying to "One-Up-It"

Just highlighting their misuse of the english language to fool Americans....

[corporatemedia]

8. We're cool. We both know the repug's plan for winning and governing -

NEWSPEAK from "1984" by George Orwell.

[SpiralHawk]

3. 2009 is going to make 2008 look like the Good Old Days

Greedhead republicons have screwed America's economic pooch for now & the next ten years...

[fascisthunter]

4. Yup... the Age of the Robber Barons... Republican Agenda

it's what they have wanted for years. Everything the average blue collar worker worked hard for back in the day, has been destroyed by their own grand children. Those average Americans who vote for these Republican policies to disenfranchise themselves are idiots! They shall reap what they have sown.... spoiled brats.

[Doctor_J]

7. Yeah, but Sarah Palin lives near Russia and eats moose

So you should vote Repuklican anyway

[AndyTiedye]

9. In Other News, The Repigs Are Getting Foreclosure Lists for Voter Caging Purposes

They are disenfranchising people who lose their homes.

http://www.michiganmessenger.com/4076/lose-your-house-lose-your-vote

[OhioChick]

10. K&R

:kick: