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January 14, 2011

Report: 2011 to Break Foreclosure Record 
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A new report is warning 2011 is poised to break a record for home
foreclosures in the United States. According to Realty Trac, 1.2 million
homes are likely to be repossessed this year, topping the record of one
million set in 2010. At least five million borrowers are currently at
least two months behind on their mortgages. California, Florida,
Arizona, Illinois, Nevada and Michigan are expected to remain the states
with the most foreclosures.



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