U.S. Foreclosures Set Record in July, Rising 7 Percent

POSTED: Thursday, August 13, 2009 - 8:20am
UPDATED: Friday, April 13, 2012 - 9:52am

The number of U.S. households on the verge of losing their homes rose 7 percent from June to July, setting a record pace for home loan failures as the escalating foreclosure crisis continued to outpace government efforts to limit the damage.

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