One Million Foreclosed Homes Forecast For 2010

According to RealtyTrac Inc., more than 900,000 American homes were repossessed in 2009 due to foreclosures. So far in 2010, there have already been almost 528,000 homes taken over this year from homeowners who have fallen behind on their payments. If the first half of the year is any indication of what’s to come, RealtyTrac predicts that number to increase to about one million repossessed American homes by the end of 2010.

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