Puerto Rico Drowning in Foreclosures: Crisis May Be Worst Than One In U.S. in 2007/08


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An average of 14 families lose homes every day to foreclosure in Puerto Rico, more than double the rate a decade ago as the island faces a real-estate crash worse than the one that sparked the Great Recession on the U.S. mainland. … the [foreclosure] crisis in Puerto Rico may be worse than on the Mainland during the height of the foreclosure crisis according to Attam Data Solutions who analyzes U.S. housing data.

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