file away the increase in BK filings...
THIS is very important.
But, WHERE these filings are taking place is almost more.
This was expected, due to the massive increase in pre-foreclosures, which told U.S. that things were getting worse, not better, in RE markets.
And, the "bottoming out" of unemployment - things were NOT getting better.
What we did was "survive" as long as we could looking, hoping, praying for a job.
With NO job growth, the ONLY way out for most of U.S. is this one.
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