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U.S. Foreclosures Rise 65 Percent as Vacated Homes Add to Glut

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2008-05-14 — bloomberg.com

"U.S. foreclosure filings climbed 65 percent and bank seizures more than doubled in April from a year earlier as rates on adjustable mortgages increased and vacated homes added to a glut of unsold homes, RealtyTrac Inc. said."

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