As unemployment skyrockets second wave of foreclosures possible

As unemployment skyrockets, a second wave of foreclosures is building, economic observers say, fed by people with good credit who could lose their houses because they have lost their jobs and can't find work.

In this downturn, the experts say, the economy is not following the traditional rules, which is limiting solutions. And thus far, government efforts to deal with foreclosures remain focused on the subprime-mortgage mess that brought the economy to its knees but that, in reality, affected a small percentage of homeowners nationwide.


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