1.6 Million Homes Hit With Foreclosure Notices In First Half Of 2010

1.6 Million Homes Hit With Foreclosure Notices In First Half Of 2010

If you received a foreclosure notice this year, you’re not alone. According to tracking firm RealtyTrac, 1.6 million properties received a foreclosure filing — defined as default notices, auction sale notices and bank repossessions — during the first half of 2010. The good news: that number is down 5% from the previous six months. The bad? It’s up 8% from the first half of last year. And RealtyTrac doesn’t see any relief coming, as a “massive number of distressed properties and underwater loans continues to sit just below the surface.” [More]