What One Million Foreclosures Really Means

With the announcement that 2010 was another record year for foreclosures, how long will it take for the reality of this economy to sink in? Experts predict 2011 will be no better as up to 1.2 more millions of homes will hit the auction block this year. Is it time for a New Deal? The national debt is staggering, and the job market show little sign of improving. Some say drastic action is needed.

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