Tuesday, January 19, 2010

Record year for foreclosures

Record year for foreclosures as unemployment rises:

"The same three states that led the nation in foreclosure rate in December also posted the highest rates for the entire year: Nevada, Arizona and Florida. More than 10 percent of Nevada housing units received at least one foreclosure filing in 2009, with Florida and Arizona following with about 6 percent each.

The other states ranked in the top 10 for the year were California, Utah, Idaho, Georgia, Michigan, Illinois and Colorado."

It affected 2.8M households, a number expected to rise even higher in 2010. Foreclosures rose 21% compared to 2008.

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