Home Foreclosures in 2010 Top 1 Million for First Time

1 Million Homes May be Lost to Foreclosure In 2010. On July 16, 2010, "More than 1 million American households are likely to lose their homes to foreclosure this year, "Nearly 528,000 homes were taken over by lenders in the first six months of the year.

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NEW YORK (CNNMoney.com) — Almost 3 million homeowners received at least one foreclosure filing during 2009, setting a new record for the number of people falling behind on their mortgage payments.

More than 1.28 percent of all households were in some stage of foreclosure during the first half of 2010. [101] Year-end : A total of 3,825,637 foreclosures were filed on 2,871,891 properties during 2010, up nearly 2 percent from the previous year.

Foreclosures are up for the first time. U.S. homes went on the auction schedule in August, a 1% increase from 12 months earlier. Though only a slight bump, it marked the first year-over-year. More Than One Million Homes Foreclosed on in 2010. Some of those stories ran again, with updates, during the last week of the year.

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Top 1% Profits from Home Foreclosures First they drove the housing bubble by flipping properties for quick cash, now they’re cashing in again on the depressed housing market. The wall street journal reported that sales of investment and vacation homes has surged last year because investors and higher-income households are taking advantage of.

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