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U.S. sets record for foreclosure filings in 2009

Posted January 14, 2010

By Adrian Sainz, The Associated Press

“MIAMI — A record 2.8 million households were threatened with foreclosure in 2009, and that number is expected to rise this year as more unemployed and cash-strapped homeowners fall behind on their mortgages.The number of households that received a foreclosure-related notice rose 21 percent from 2008, RealtyTrac Inc. reported Wednesday. One in 45 homes were sent a filing, which includes default notices, scheduled foreclosure auctions and bank repossessions…” [More ...]

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