Banks Couldn't Wait Until The Election Was Over As U.S.

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Banks Couldn't Wait Until The Election Was Over As U.S. Foreclosure Rates Are Surging Again

December 12. 2012

Barack Obama

A new report indicates foreclosures in America are soaring again. Foreclosures reached a 9-month high by the end of November 2012, after the U.S. presidential election. Banks completed nearly 60,000 foreclosures in November 2012, which will negatively impact the economy in a number of ways. The government has not done enough to help homeowners, who are being trampled in the court system.

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U.S. foreclosure rate surges

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