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2010 foreclosures top 1 million

Banks seized more than a million U.S. homes in one year for the first time last year, despite a slowdown in the last few months, real estate data firm RealtyTrac said on Thursday.

WASHINGTON – Banks seized more than a million U.S. homes in one year for the first time last year, despite a slowdown in the last few months, real estate data firm RealtyTrac said on Thursday. Banks foreclosed on 69,847 properties in December, bringing the year's total to 1.05 million, topping the prior record of 918,000 homes seized in 2009.

The number of foreclosure filings was a record 2.9 million last year,
including 257,747 filings in December.

 
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