February 3, 2010
By Sophia Stuart, Research Economist
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- Almost 3 million homeowners received at least one foreclosure filing during 2009, setting a new record for the number of people falling behind on their mortgage payments.
- RealtyTrac, the online marketer of foreclosed homes, reported that one in 45 households—or 2,824,674 properties nationwide -- were in default last year. That's 21% more than in 2008, and more than double 2007's total.
- In spite of a 21% increase in filings, the number of homes actually repossessed was 871,086—up just 1.1% above 2008's total.
- The four states with the most foreclosure filings—California, Florida, Arizona and Illinois—accounted for a full 50% of the nation's properties receiving notices.
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Source: http://money.cnn.com/2010/01/14/real_estate/record_foreclosure_year/index.htm
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