Bloomfield Foreclosure

Bloomfield Foreclosure

One million new foreclosures were filed in the first five months of 2009, a number that could reach 2.4 million by the end of the year, according to estimates by the Centor for Responsible Lending (CRL), a non profit policy group, CRL estimates that these foreclosures could affect as many as 70 million nearby households and contribute to lost property values totaling $502 billion, or about $7,200 per family.  The group also projects that by 2012 foreclosure starts could rise to 9 million and cost 92 billion neighboring households $1.9 million in lost home value.
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