"We've never seen two consecutive months like this," said Rick Sharga, RealtyTrac's senior vice president for marketing. "It's the volume that's surprising."
How stupid are the people in the industry? What are you surprised about? Foreclosures are going to keep happening because no one has a job to pay their mortgage and even if they find another job it's not paying as much as the previous... America got into a nasty habit of buying more house than they can afford and foreclosures will keep happening for years to come because of all the funky loans that financed this irrational buying.
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