Minneapolis owners losing homes at record pace
Here was the headline of the newspaper article:
Last update: April 23, 2007 – 10:04 PM
Minneapolis owners losing homes at record pace
Foreclosure sales in Minneapolis from January to March more than doubled compared to this time a year ago.
I did a non-scientific impromptu survey with my clients. I asked them, from today's headline, how many mortgages do you think are going into foreclosure?
They answered: "30-40%"
The Truth: last year 1% this year 2%. Well the article is right, it did double, but did it really tell the truth?