1.7 million foreclosures in America in the first eight months of 2007

It is a grim ritual being performed across America's heartland. Foreclosure sign. US debt misery looms over White House race There were 1.7 million foreclosures in America in the first eight months of 2007 Wednesday lunchtime and in the lobby of the Sheriff's Justice Centre an auctioneer, lawyers, bank representatives and prospective buyers are gathered for the latest foreclosure sales.