Keep the Information Flowing
Small contributions go a long way. Your donation to Consumer Action, a 501 (c)(3) nonprofit, nonpartisan organization, can help us cover the cost of research, writing, and translation of our materials. To keep our services free for those who need them. Select an amount to give.
Released: July 15, 2010
Foreclosures could top 1 million homes in 2010
Source: Alex Veiga, Associated Press (USA Today)
More than 1 million U.S. households could lose their homes to foreclosure this year, as lenders work their way through a huge backlog of borrowers who have fallen behind on their loans, according to RealtyTrac, a foreclosure tracking service.
Historically, lenders have taken over about 100,000 homes a year, said Rick Sharga, a senior vice president at RealtyTrac.
Read Full Article: Foreclosures could top 1 million homes in 2010
Tags/Keywords
foreclosure, debt, financial, homeowners, headlines, mortgage. home financing
Article Statistics
Article Viewed: 992
Quick Menu
Support Consumer Action
Join Our Email List
Housing Menu
Help Desk
- Help Desk
- Submit Your Complaints
- Frequently Asked Questions
- Links to Consumer Resources
- Consumer Service Guide (CSG)
- Alerts