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.
The report followed findings by First American CoreLogic, a real estate information firm, that the number of foreclosed homes about to go on the market has reached 1.7 million.
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More Than One million homes foreclosed on in 2010. Some of those stories ran again, with updates, during the last week of the year. Today comes the official tally for 2010: more than one million homes foreclosed on, with another FIVE million homeowners at least two months behind on their payments, according to foreclosure tracker RealtyTrac.
Record 3 million households hit with foreclosure in 2009. Indiana foreclosures fell by 9.9%, Ohio by 10.5% and Rhode Island by 23.6%. California, by far the most heavily populated in the union, posted the most filings with 632,573, up 20.8% from 2008. golden state cities have also recorded some of the steepest declines in home prices, with values falling 50% or more in some Central Valley cities.
From 2006 to 2014, more than 9.2 million Americans lost homes to foreclosure, short sales or deeds in lieu of foreclosure, according to the National Association of Realtors.For many who lost homes during the housing crisis, enough time has passed that they may once again be able to get a mortgage to buy another home – if they can meet today’s more stringent qualifications.
Addendum: On July 1, 2010, we adjusted our estimates of property. Although a number of useful mortgage databases are available, there is no. During the first three years of the foreclosure crisis, from January 2007 through the end of. 10 and 13 million foreclosures will have occurred by the time the.
Top Stories . Story Jul 18, 2019. about 1.4 million first-time home buyers purchased their homes using subprime loans.. So we projected that more than 2.2 million – now 2.4 million.
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