Staggering Foreclosure Numbers

1

Comments

Via the AP:  Banks repossess 1 million homes in 2010

One in 45 U.S. households received a foreclosure filing last year, or a record high of 2.9 million homes. That’s up 1.67 percent from 2009.

Worse, we haven’t hit the peak yet, which is expected this year.

One response to “Staggering Foreclosure Numbers”

  1. I think the situation may be somewhat cloudy owing to the banks, uh, small problem with establishing a chain of title. See, Ibanez and Securitization Fail/