Foreclosures on The Top 1% Sure Do Move Slowly
Hamilton Nolan · 02/28/12 10:12AMLots of people in America have lately found themselves unable to pay their mortgages. Approximately 1% of the loans in foreclosure in America are for more than $1 million. For that (relatively) fortunate—let's just call them, I don't know, the 1%—it takes a lot longer to get kicked the hell out. The WSJ reports: