Foreclosure Count Hits One Million

The count as of today is actually higher than one million–an unprecedented number in the United States up to this point. It’s even estimated to exceed two million by year’s end–and up to 9 million by 2012.

Sure, the Obama Administration has helped over 55,000 homeowners so far; but the Center for Responsible Lending estimates that there are 6,500 new foreclosures filed daily–or one every 13 seconds. These aren’t great odds in the least. (more…)