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Home › Forums › Housing › Henry Paulson: Many foreclosures “not preventable” › Ex-SD wrote: “Paulson said

July 8, 2008 at 5:53 PM #235393
Sandi Egan
Participant

[quote=Ex-SD]
“Paulson said that there were 1.5 million home foreclosures started in 2007. He said some economists estimate there will be about 2.5 million foreclosures started this year.”
[/quote]

If I remember correctly, the famous Credit Swiss report predicted a total of 2.5 million foreclosures during this crisis (2007-2010). Are we ahead of the curve? What percentage of foreclosure starts ends up on the auction?