Banks repossessed 1 million homes last year — and 2011 will be worse
Here's a link to a story about U.S. real estate foreclosures that is posted over at msnbc.com. The headline reads "Banks repossessed 1 million homes last year — and 2011 will be worse". Lenders are poised to take back more homes this year than any other since the U.S. housing meltdown began in 2006. About 5 million borrowers are at least two months behind on their mortgages...and more will miss payments as they struggle with job losses and loans worth more than their home's value, industry analysts forecast. The link is here.