Home Foreclosures in 2010 Top 1 Million for First Time

US home foreclosures on all-time high. Repossessions jumped by 3 per cent in the month and 25 per cent in the year. At the same time, a similar amount – 96,469 homes – got a default notice. defaults declined 1 percent from July and 30 percent from August 2009 after peaking at 142,064 properties in April 2009.

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Illinois posted the fifth highest foreclosure rate in the country in 2012, with 2.58 percent of homes getting a. from the peak of 2.9 million properties with foreclosure filings in 2010. RealtyTrac.

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More bad news for those facing tough financial times: mortgage foreclosures are likely to top the one million mark in 2010. As The Associated Press reported in the last week, "Nearly 528,000 homes were taken over by lenders in the first six months of the year, a rate that is on track to eclipse the more than 900,000 homes repossessed in 2009, according to data released Thursday by RealtyTrac.

Distressed Homeowner Program Mainly Benefited Three States RISMEDIA, August 17, 2010-The White House said recently it would spend an additional $3 billion to help distressed homeowners in the states with the highest. in June and just 400,000 have benefited.

I’ll admit that I don’t have time to read the link but wtf are these numbers? Back to top. reply. replies (1). and there simply isn’t anything like that in our market under $1 million.. I don’t know a single one that doesn’t own. My best friend just closed yesterday, but it’s his second home to buy as he had to give the first.

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The below article discussing the continuing problem of foreclosures that does not appear to be alleviating. AP- Realty Check (CNBC) Banks seized more than a million U.S. homes in one year for the first time last year, despite a slowdown in the last few months as questions around foreclosure processing arose, a leading firm said Thursday.

Analysts at Realty Trac had previously predicted that in 2011 foreclosures would peak around 3 million households and banks would repossess around 1 million. during the first quarter of 2011. Home.

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