Home Foreclosures in 2010 Top 1 Million for First Time

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The first half on 2010 recorded a whooping 528,000 homes reclaimed by lenders, eight percent ahead of last year’s numbers. With another five months to go this year, these numbers will escalate further. Overall, about 1.7 million homeowners received foreclosure-related notices in the first half of 2010, which equates to one in every 78 homes in the United States! Around 1.7 million houses in the United States are in the Foreclosure process. Many financial institutions are using active.

1.6 Million Homes Hit With Foreclosure Notices In First Half Of 2010. "The midyear numbers put us on pace to exceed 3 million properties with foreclosure filings by the end of the year, and more than 1 million bank repossessions. The roller coaster pattern of foreclosure activity over the past 12 months demonstrates that while.

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Chicago’s was 10.1 percent. the highest percentage of homes in foreclosure, at more than 4 percent. The rate is 12 percent in Florida and nearly 9 percent in New Jersey. The Mortgage Bankers’ data.

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This time, it may kill the recovery. Home sales. or in foreclosure during the first quarter, the highest in records dating to 1979, according to the Washington-based Mortgage Bankers Association..

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