Fears as banks seize 40,000 homes in a single month as foreclosure tsunami sweeps America
The number of Americans losing their homes to banks has risen for the twelfth consecutive month, highlighting mounting pressure in the US housing market. In February, foreclosure activity reached 38,840 properties – a 20 percent increase compared with the same month last year. Filings track the full spectrum of the process, from initial lender warnings to the …