More than 1 million American households are likely to lose their homes to foreclosure this year, as lenders work their way through a huge backlog of borrowers who have fallen behind on their loans.Nearly 528,000 homes were taken over by lenders in the first six months of the year. If foreclosures continue at that rate, the yearly number would eclipse the more than 900,000 homes repossessed in 2009, RealtyTrac Inc., a foreclosure listing service, said Thursday."That would be unprecedented," said Rick Sharga, a senior vice president at RealtyTrac.Lenders have historically taken over about 100,000 homes a year, he said. ...read more: http://news.yahoo.com/s/ap/20100715/ap_on_bi_ge/us_foreclosure_rates
_________________SI Moderator - Greg Gordon
How very sad. Perhaps, in this wave of loss and grief, there is an opportunity for demonstrating the love of Christ."I was a stranger, and ye took me in."Blessings,MC
Yes sounds like a good opportunity to show God's love. The harvest fields are indeed ripe for harvest. The question is who will open their houses for strangers??? Galations 2:20 show your love.