Industry NewsMortgage

2009 foreclosures up 21%

Half of foreclosures concentrated in 4 states
Published on Jan 14, 2010

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by CareyBot

The number of properties hit with foreclosure-related filings in 2009 climbed 21 percent from the year before, to 2.82 million, data aggregator and foreclosure property search site RealtyTrac said Thursday.

The number of foreclosure-related filings was up 120 percent from 2007, and would likely have been higher if not for delays in processing delinquent loans, said RealtyTrac CEO James Saccacio.

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