A foreclosure filing every 13 seconds

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There have been 1 million new foreclosure filings across the country – all since January.

And that number is expected to more than double by year’s end, according to a depressing new report released by the Center for Responsible Lending.

That’s a new foreclosure filing every 13 seconds.

That comes atop a new report by the Mortgage Bankers Association that a stunning 12 percent of all mortgages are now delinquent.

By the end of 2012, we are looking at a total of 9 million more foreclosure filings.

http://www.boston.com/realestate/news/blogs/renow/2009/06/a_foreclosure_f.html

Now who's expecting this economy to recover anytime soon??