That is almost 2742 homes per day.
That isn't even the high watermark as the flood of foreclosures are killing American families:
A total of 936,439 homes have been lost to foreclosure since the housing crisis hit in August, 2007.And their answer?
Foreclosures hit a record high in August when 304,000 homes were in default and 91,000 families lost their houses. Since then, a number of states have adopted legislation to freeze foreclosures and give homeowners a chance to modify their mortgages. These laws have helped slowed the rate of foreclosures.
"The really sobering reality for us is that despite these various state programs that are artificially keeping the numbers down, we are still up 25% from a year ago," said Rick Sharga, senior vice president of RealtyTrac.
Making matters worse is the rapidly deteriorating economy, says Global Insight economist Pat Newport.
Help 1.7% of the homeowners that are struggling. Nothing for the millions of people in the families that have already gone under. And nothing for 98.3% of the homeowners that are struggling, on the edge or already slipping through the cracks.
Yeah... That is some great plan! Another plan that helps less than 2% of the people that are struggling.
Bullshit solutions from the asswipes that put us in this mess. You can thank Bush and the GOP for their whole perverted ownership society that started this national disaster.
[update] Not one single home has been saved as Paulsen has dumped Billions into the banking assholes that profited from this mess:
In The Know: Should The Government Stop Dumping Money Into A Giant Hole?