From: Subject: Home foreclosures in 2010 top 1 million for first time - Yahoo! News Date: Sat, 15 Jan 2011 22:06:38 -0800 MIME-Version: 1.0 Content-Type: multipart/related; type="text/html"; boundary="----=_NextPart_000_0073_01CBB500.7B34B3B0" X-MimeOLE: Produced By Microsoft MimeOLE V6.00.2900.5994 This is a multi-part message in MIME format. ------=_NextPart_000_0073_01CBB500.7B34B3B0 Content-Type: text/html; charset="utf-8" Content-Transfer-Encoding: quoted-printable Content-Location: http://news.yahoo.com/s/nm/us_usa_housing_foreclosures;_ylt=Ao1xWUWhryX8tehgycAdR_Os0NUE;_ylu=X3oDMTMwcW1zdTg3BGFzc2V0A25tLzIwMTEwMTEzL3VzX3VzYV9ob3VzaW5nX2ZvcmVjbG9zdXJlcwRjcG9zAzgEcG9zAzUEc2VjA3luX2hlYWRsaW5lX2xpc3QEc2xrA2hvbWVmb3JlY2xvcw-- =EF=BB=BF Home foreclosures in 2010 top 1 million = for first time - Yahoo! News

Skip=20 to navigation =C2=BB Skip=20 to content =C2=BB=20

New User? Register
Sign=20 In
Help

Yahoo!
Mail

Home=20
U.S.= =20
Business=20
W= orld=20
Entertainment=20
= Sports=20
= Tech=20
Politics=20
Science=20
= Health=20
Opinion=20
Most=20 Popular

U.S.=20 Video
The=20 Lookout
Local=20 News
Education=20
Religion=20
Crime=20
Contributor=20 Network
Starting=20 Point
Holiday=20 Guide
Year=20 in Review

Trending Now:

Home foreclosures in 2010 top 1 million for first = time

= =20 =

By Corbett B. Daly Corbett B. Daly =E2=80=93 Thu Jan 13,=20 5:02 am ET

WASHINGTON (Reuters) =E2=80=93 Banks seized more than a million U.S. = homes in one=20 year for the first time last year, despite a slowdown in the last few = months as=20 questions around foreclosure processing arose, a leading firm said on=20 Thursday.

Banks foreclosed on 69,847 properties in December, bringing the = year's total=20 to 1.05 million, topping the prior record of 918,000 homes seized in = 2009, real=20 estate data firm RealtyTrac said.

The number of foreclosure filings, which includes default notices, = auctions=20 and repossessions, was a record 2.9 million last year, including 257,747 = filings=20 in December.

"Total properties receiving foreclosure filings would have easily = exceeded 3=20 million in 2010 had it not been for the fourth-quarter drop in = foreclosure=20 activity -- triggered primarily by the continuing controversy = surrounding=20 foreclosure documentation and procedures that prompted many major = lenders to=20 temporarily halt some foreclosure proceedings," said James J. Saccacio, = chief=20 executive officer of RealtyTrac.

"Even so, 2010 foreclosure activity still hit a record high for our = report,=20 and many of the foreclosure proceedings that were stopped in late = 2010,-which we=20 estimate may be as high as a quarter million, will likely be re-started = and add=20 to the numbers in early 2011," Saccacio said.

December filings were 2 percent lower than November and 26 percent = lower than=20 December 2009.

The firm said Nevada, Arizona and Florida continued to post the = highest=20 foreclosure rates in the country.

And just five states -- California, Florida, Arizona, Illinois and = Michigan=20 -- accounted for more than half of all foreclosure activity.

One in every 11 housing units in Nevada received at least one = foreclosure=20 filing in 2010, more than four times the national average.

In 2005, before the housing bust, banks took over just about 100,000 = houses,=20 according to the Irvine, California-based company.

(Reporting by Corbett B. Daly; Editing by Jan Paschal )

= =20 =

1,345 = Comments

Comments 1 - 10 of = 1345
First
Prev
Next
Last

0 = users liked=20 this comment Please=20 sign in to rate this comment up. Please=20 sign in to rate this comment down. 0 = users disliked=20 this comment
Sticks Stones Fri = Jan 14, 2011=20 06:29 am PST Report Abuse
" Neither a lender, nor a = borrower be"=20 who said that, even the muslim religion believed him to be a prophet = of God.=20 Why are we in this mess?!!! not because of the politicians directly; = they=20 just make the laws-that make it legal for lenders to Screw the = Americans.=20 The problem is the lenders. All of america should file bankruptcy = and put=20 the lenders out of business, but the government would just bail-out, = even if=20 they had to borrow all the money China has to offer. Funny how the=20 government is broke but they can Spend $245 Billion on new jets in = an=20 "unexpected" over-run project, hmmm, don't believe the lies. Big = business=20 has the government by the testicles and are squeazing while the = politicians=20 are feeling the love of stolen money!!!
1 users = liked this=20 comment Please=20 sign in to rate this comment up. Please=20 sign in to rate this comment down. 0 = users disliked=20 this comment
Sticks Stones Fri = Jan 14, 2011=20 06:21 am PST Report Abuse
So wait a second, if there is a = bailout=20 of the banks, and now the government helps bail out the consumers = for their=20 home loans, who is profiting from the whole thing? I would think the = rich=20 are robbing the U.S. piggy bank and doing it legally? Who is = invested into=20 these banks anyway? Man the more the government screws around, the = more=20 everyone loses but the=20 rich!!!
1 users = liked this=20 comment Please=20 sign in to rate this comment up. Please=20 sign in to rate this comment down. 0 = users disliked=20 this comment
Sticks Stones Fri = Jan 14, 2011=20 06:17 am PST Report Abuse
George W, Wouldn't it make = sense for a=20 bank to restructure a loan and get positive cash flow, instead of = eating the=20 loan and selling the property for 1/8 the value of the loan? or did = the=20 government bail out the banks enough that they can eat the laon? Big = Business, Big Government
1 users = liked this=20 comment Please=20 sign in to rate this comment up. Please=20 sign in to rate this comment down. 1 users = disliked=20 this comment
George W Thu Jan 13, 2011 08:51 pm = PST Report Abuse
I'll bet many of these homes = are worth=20 less than what the loans are for and so the owners just quit making = payments=20 because they don't think it's fair to have to pay back that loan on = a house=20 that's lost value.

No sympathy for folks who do = this.

And for=20 you people who think the bank should just rewrite the loan, are you = nuts?=20

Who then should eat the loss of the original loan? The=20 bank?

Oh that;s right. Banks are evil.

You people are = nuts,=20 and are complete zeros when it comes to business.

No doubt = you're=20 tomorrows new poverty class living off the tax = payers.
1 users = liked this=20 comment Please=20 sign in to rate this comment up. Please=20 sign in to rate this comment down. 1 users = disliked=20 this comment
DancinBarefoot Thu = Jan 13, 2011=20 08:33 pm PST Report Abuse
I have no sympathy for the = banks stuck=20 with these foreclosed homes, if only they would rewrite the loan so = people=20 can stay in them! I fail to see how it's good business to let your = asset sit=20 empty, until bums squatting inside burn it to the ground with a = cooking fire=20 or whatever.
4 users = liked this=20 comment Please=20 sign in to rate this comment up. Please=20 sign in to rate this comment down. 0 = users disliked=20 this comment
Barry Thu Jan 13, 2011 05:06 pm = PST Report Abuse
A hearty condemnation to all = the=20 bureaucrats in Washington who allowed this to happen. So much for = watching=20 out for their constituents. If these turds had put half as much = energy in=20 working out the unpopular problems as they do on their re-election = campaigns=20 maybe this nation wouldn't be in a state of = collapse.
2 users = liked this=20 comment Please=20 sign in to rate this comment up. Please=20 sign in to rate this comment down. 0 = users disliked=20 this comment
Synical1 Thu Jan 13, 2011 04:14 pm = PST Report Abuse
Don't worry homeowners, help is = on its=20 way.

obama's multi-billion dollar "help for homeowners" plan = from 2=20 years ago will be kicking in any day now and "help millions of = homeowners=20 remain in their homes".
3 users = liked this=20 comment Please=20 sign in to rate this comment up. Please=20 sign in to rate this comment down. 2 users = disliked=20 this comment
SixPackJack Thu = Jan 13, 2011=20 03:24 pm PST Report Abuse
"Hope and change" where are = you? Hello?=20 Anybody there?
4 users = liked this=20 comment Please=20 sign in to rate this comment up. Please=20 sign in to rate this comment down. 0 = users disliked=20 this comment
Citizen Thu Jan 13, 2011 03:19 pm = PST Report Abuse
The banks were bailed out and = they were=20 still allowed to take the foreclosure houses! What a f-ed up=20 country!
1 users = liked this=20 comment Please=20 sign in to rate this comment up. Please=20 sign in to rate this comment down. 6 users = disliked=20 this comment
Bruce Thu Jan 13, 2011 01:51 pm = PST Report Abuse
All you liberal democrat LOSERS = who=20 voted the "lord of the darky's" into office...LOL
Keeping voting = for=20 Muslim "Friend of the Illegals" and "TurnCoat and Liar" = obama.
His=20 friends, the Bankers, will get the rest of your homes before = 2012
The=20 Bankers were given your tax-dollars to stop bank = forclosers.....didn't work=20 for you, huh..?
Muslim "Friend of Bankers" obama sold you a bill = of sale=20 called "LIES"
Muslim "Friend of the Fairies" obama is nothing but = lies.....
You people didn't want much in a president, that's what = you=20 got...not much in a president..!
Why are you unhappy now because = you have=20 no place to live....?
Call Washington, DC = switchboard.....
Leave your=20 'I Love You's" and your "Thank You's" for your president Muslim = CessPool=20 Bottom-Feeder obama, the Kenya Reject who has misplaced his birth=20 certificate.
Please note.....He lives in public housing, and = stays warm=20 this winter....LOL....do=20 you..?

Most Viewed - U.S.

All=20 Most Viewed =C2=BB

Daily Features

All=20 Comics =C2=BB
Opinions & Editorials: Diverse=20 views on news from the right, left, and center.
All=20 Opinion =C2=BB

Elsewhere on the Web

Time.com:=20 Hero Pilot Pulls Out the Stops to Help Grandpa Reach Funeral: = 2011's=20 Most Heartwarming Travel Story?
ABC=20 News: Watch: Tucson Shooting and Civility in Washington =
ABC=20 News: Watch: Gabrielle Giffords Getting Better Every Day=20

Featured

Five=20 Civil War MythsArguments about why the South seceded still = persist.=C2=BB=20 More from Washington Post
Special=20 reportThe Tucson shooting rampage.=C2=BB=20 More from Washington Post
Obama'= s=20 next speechObama pivots to the State of the Union and partisan = politics.=C2=BB=20 More from The Daily Beast
Bad=20 for baby?Pregnant women awash in chemicals.=C2=BB=20 More from Time

EducationYahoo

=20
How=20 to Balance Work & LifeSee hot jobs that let you live your = life. One=20 can pay up to $92,000!
=20
Most=20 Valuable DegreesLearn more about the most popular=20 degrees.

Yahoo! News Navigation

Home
U.S.
Business
World
E= ntertainment
Sports
Tech
Politics
Science=
Health
Travel
Mo= st=20 Popular
Odd=20 News
Opinion=

Yahoo! News Network

RSS
News=20 Alerts
= Weather=20 Alerts
Site=20 Map
Help
Feedback

Copyright =C2=A9 2011 Reuters Limited. All rights reserved. = Republication or=20 redistribution of Reuters content is expressly prohibited without the = prior=20 written consent of Reuters. Reuters shall not be liable for any errors = or delays=20 in the content, or for any actions taken in reliance thereon. =

Questions=20 or Comments
Privacy= =20 Policy
About=20 Our Ads
Terms=20 of Service
Copyright/IP= =20 Policy

'+'

');P=3DH.firstChild;O=3DP.nextSibling;E=3D= O.nextSibling;}return H;}function = K(){if(!P){L();}return(P.cloneNode(false));}function = B(){if(!O){L();}return(O.cloneNode(false));}function = C(){if(!E){L();}return(E.cloneNode(false));}G.prototype=3D{constructor:G,= element:null,header:null,body:null,footer:null,id:null,imageRoot:G.IMG_RO= OT,initEvents:function(){var Q=3DM.LIST;=0A= this.beforeInitEvent=3Dthis.createEvent(A.BEFORE_INIT);this.beforeInitEve= nt.signature=3DQ;this.initEvent=3Dthis.createEvent(A.INIT);this.initEvent= .signature=3DQ;this.appendEvent=3Dthis.createEvent(A.APPEND);this.appendE= vent.signature=3DQ;this.beforeRenderEvent=3Dthis.createEvent(A.BEFORE_REN= DER);this.beforeRenderEvent.signature=3DQ;this.renderEvent=3Dthis.createE= vent(A.RENDER);this.renderEvent.signature=3DQ;this.changeHeaderEvent=3Dth= is.createEvent(A.CHANGE_HEADER);this.changeHeaderEvent.signature=3DQ;this= .changeBodyEvent=3Dthis.createEvent(A.CHANGE_BODY);this.changeBodyEvent.s= ignature=3DQ;this.changeFooterEvent=3Dthis.createEvent(A.CHANGE_FOOTER);t= his.changeFooterEvent.signature=3DQ;this.changeContentEvent=3Dthis.create= Event(A.CHANGE_CONTENT);this.changeContentEvent.signature=3DQ;this.destro= yEvent=3Dthis.createEvent(A.DESTORY);this.destroyEvent.signature=3DQ;this= .beforeShowEvent=3Dthis.createEvent(A.BEFORE_SHOW);this.beforeShowEvent.s= ignature=3DQ;this.showEvent=3Dthis.createEvent(A.SHOW);this.showEvent.sig= nature=3DQ;this.beforeHideEvent=3Dthis.createEvent(A.BEFORE_HIDE);this.be= foreHideEvent.signature=3DQ;this.hideEvent=3Dthis.createEvent(A.HIDE);thi= s.hideEvent.signature=3DQ;},platform:function(){var = Q=3Dnavigator.userAgent.toLowerCase();if(Q.indexOf("windows")!=3D-1||Q.in= dexOf("win32")!=3D-1){return"windows";}else{if(Q.indexOf("macintosh")!=3D= -1){return"mac";}else{return false;}}}(),browser:function(){var = Q=3Dnavigator.userAgent.toLowerCase();if(Q.indexOf("opera")!=3D-1){return= "opera";}else{if(Q.indexOf("msie = 7")!=3D-1){return"ie7";}else{if(Q.indexOf("msie")!=3D-1){return"ie";}else= {if(Q.indexOf("safari")!=3D-1){return"safari";}else{if(Q.indexOf("gecko")= !=3D-1){return"gecko";}else{return = false;}}}}}}(),isSecure:function(){if(window.location.href.toLowerCase().= indexOf("https")=3D=3D=3D0){return true;}else{return = false;}}(),initDefaultConfig:function(){this.cfg.addProperty(J.VISIBLE.ke= y,{handler:this.configVisible,value:J.VISIBLE.value,validator:J.VISIBLE.v= alidator});this.cfg.addProperty(J.EFFECT.key,{suppressEvent:J.EFFECT.supp= ressEvent,supercedes:J.EFFECT.supercedes});this.cfg.addProperty(J.MONITOR= _RESIZE.key,{handler:this.configMonitorResize,value:J.MONITOR_RESIZE.valu= e});this.cfg.addProperty(J.APPEND_TO_DOCUMENT_BODY.key,{value:J.APPEND_TO= _DOCUMENT_BODY.value});},init:function(V,U){var = S,W;this.initEvents();this.beforeInitEvent.fire(G);this.cfg=3Dnew = D(this);if(this.isSecure){this.imageRoot=3DG.IMG_ROOT_SSL;}if(typeof = V=3D=3D"string"){S=3DV;V=3Ddocument.getElementById(V);if(!V){V=3D(L()).cl= oneNode(false);V.id=3DS;}}this.id=3DF.generateId(V);this.element=3DV;W=3D= this.element.firstChild;if(W){var = R=3Dfalse,Q=3Dfalse,T=3Dfalse;do{if(1=3D=3DW.nodeType){if(!R&&F.hasClass(= W,G.CSS_HEADER)){this.header=3DW;R=3Dtrue;}else{if(!Q&&F.hasClass(W,G.CSS= _BODY)){this.body=3DW;Q=3Dtrue;}else{if(!T&&F.hasClass(W,G.CSS_FOOTER)){t= his.footer=3DW;T=3Dtrue;}}}}}while((W=3DW.nextSibling));}this.initDefault= Config();F.addClass(this.element,G.CSS_MODULE);if(U){this.cfg.applyConfig= (U,true);}if(!D.alreadySubscribed(this.renderEvent,this.cfg.fireQueue,thi= s.cfg)){this.renderEvent.subscribe(this.cfg.fireQueue,this.cfg,true);}thi= s.initEvent.fire(G);},initResizeMonitor:function(){var = R=3D(I.gecko&&this.platform=3D=3D"windows");if(R){var = Q=3Dthis;setTimeout(function(){Q._initResizeMonitor();},0);}else{this._in= itResizeMonitor();}},_initResizeMonitor:function(){var Q,S,U;function = W(){G.textResizeEvent.fire();}if(!I.opera){S=3DF.get("_yuiResizeMonitor")= ;var = V=3Dthis._supportsCWResize();if(!S){S=3Ddocument.createElement("iframe");= if(this.isSecure&&G.RESIZE_MONITOR_SECURE_URL&&I.ie){S.src=3DG.RESIZE_MON= ITOR_SECURE_URL;}if(!V){U=3D["

Trending Now:

Home foreclosures in 2010 top 1 million for first = time

Record 2.9=20 Million U.S. Properties =E2=80=A6

Foreclosures=20 Rose 2% Last Year =E2=80=A6

Sharga Says = U.S. Home=20 Foreclosures =E2=80=A6

A=20 Housing Rebound Won't Lift the =E2=80=A6

1,345 = Comments

Post a Comment

Most Viewed - U.S.

Daily Features

Opinions & Editorials: Diverse=20 views on news from the right, left, and center.

Elsewhere on the Web

Top Stories

Sponsored Links

Featured

EducationYahoo

Yahoo! News Navigation

Yahoo! News Network

Trending Now:

Home foreclosures in 2010 top 1 million for first = time

Explore Related Content

Record 2.9=20 Million U.S. Properties =E2=80=A6

Foreclosures=20 Rose 2% Last Year =E2=80=A6

Sharga Says = U.S. Home=20 Foreclosures =E2=80=A6

A=20 Housing Rebound Won't Lift the =E2=80=A6

More...

1,345 = Comments

Post a Comment

Most Viewed - U.S.

Daily Features

Opinions & Editorials: Diverse=20 views on news from the right, left, and center.

Elsewhere on the Web

Top Stories

Sponsored Links

Featured

EducationYahoo

Yahoo! News Navigation

Yahoo! News Network