black…MYstory

Once again, home foreclosures are up. The California-based company Realtytrac monitors trends in the mortgage industry and have concluded that, nationwide, home foreclosures in November increased by 68% over the previous November’s filings.

In November 2006, 120,334 foreclosures were filed. In November 2007, there were 201,950 foreclosure filings.

This meant that, for November, this was a rate of 1 foreclosure for every 617 households, which is a pretty substantial number.

This trend is not likely to reverse soon so, we will continue to see news about families across America, a disproportionate number of them black and brown, losing their homes.

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