December 12, 2007 (LPAC)--A whopping 72,101 more homes nationwide were repossessed by lenders in November alone, up 31.8% from October, according to Sacramento-based Foreclosures.com. This came on top of a 35% rise in repossessions from September to October. Since Lyndon LaRouche, on August 30, proposed the Homeowners and Bank Protection Act (HBPA) to freeze foreclosures nationwide and protect chartered banks, the failure of Congress to act on this crisis, has cost approximately 170,000 American households their homes.

For the year through November, about 527,000 homes have ended up back in the hands of lenders, up 41% from the same 11-month period last year.

Combined, foreclosure and pre-foreclosure filings for the year through November totaled 1.08 million according to Foreclosures.com (other tracking firms report higher totals), 93% higher than it reported a year ago.

Repossessions for ten states with the highest number of filings, year-to-date, are given here, with the percent being the change from the level for January-November 2006:

California  82,085  +24.8%
Texas       62,478  +15.5%
Ohio        42,225  +16.1%
Florida     36,393  +156.2%
Michigan    31,895  +51.6%
Georgia     29,102  +19.5%
Colorado    25,919  -21.9%
Illinois    21,851  +25.2%
Arizona     20,880  +286.8%
Tennessee   17,624  -12.7%