US banks ‘foreclosured on record 1m homes in 2010
Banks repossessed a record one million US homes in 2010, and could surpass that number this year, figures show.
Foreclosure tracker RealtyTrac said about five million homeowners were at least two months behind on their mortgage payments.
Foreclosures are likely to remain numerous while unemployment remains stubbornly high, the group said.
Among the worst hit states were Nevada, Arizona, Florida and California, once at the heart of the housing boom.
Intel Hub: Thousands of Americans were thrown out of their homes illegally as the big bank used robo signers to evict Americans from their homes EVEN when they were NOT in foreclosure.