Business/Economics, U.S.

Exceptional Failed State: Almost half of foreclosed homes in the U.S. still have families living in them!

25 October 2013 (19:18 UTC-07 Tango 24 October 2013)/20 Dhu’l-Hijja 1434/03 Aban 1391/21 Ren-Xu (9th month) 4711

CNNMoney citing RealtyTrac.com, saying 47% of supposed vacant foreclosed homes still have families living in them!   When you break it down by region, the real estate trends tracking company says places like Miami, Florida, and Los Angeles, California, have a 60% foreclosed home occupancy rate.

The conclusion is based on the fact that mail is still being received at many foreclosed homes.

Written by: Hutchins AAron on October 25, 2013.