FORECLOSURES HIT A RECORD HIGH IN THE THIRD QUARTER

LENDERS SEIZED MORE US HOMES THIS SUMMER THAN IN ANY 3 MONTH STRETCH SINCE THE HOUSING MARKET BEGAN TO FALL APART IN 2006. BUT MANY OF THE FORECLOSURES MAY BE CHALLENGED IN COURT LATER BECAUSE OF ALLEGATIONS THAT BANKS EVICTED PEOPLE WITHOUT READING THE DOCUMENTS. A TOTAL OF 288,345 PROPERTIES WERE LOST TO FORECLOSURE IN THE JULY-SEPTEMBER QUARTER.