Tuesday 28 February 2012

Foreclosures on The Top 1% Sure Do Move Slowly [The Rich]

Lots of people in America have lately found themselves unable to pay their mortgages. Approximately 1% of the loans in foreclosure in America are for more than $1 million. For that (relatively) fortunate—let's just call them, I don't know, the 1%—it takes a lot longer to get kicked the hell out. The WSJ reports: More »

Source: http://feeds.gawker.com/~r/gawker/full/~3/YewB1Ljmdgc/foreclosures-on-the-top-1-sure-do-move-slowly

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