Over the past few weeks there have been several articles in the paper about the increase in foreclosures. The articles are based on the research of a company that tracks the number of new foreclosures compared to previous years. It seems we have a problem on our hands as more and more people are getting behind on their house payments due to rising interest rates and adjustable rate mortgages. Banks are repossessing more and more houses and homes are taking longer to sell in most areas.

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