2009 Record Year For Foreclosures
It's official: 2009 was the worst year ever for foreclosures.
A record 2.8 million properties were hit by foreclosure, according to a new report by RealtyTrac, the Irvine, Calif.-based research firm. That's up 21 percent from 2008, and 120 percent from 2007.
The company reports that half of this carnage comes from just four states -- California, Florida, Arizona, and Illinois, which, together, saw 1.4 million homes make their way onto America's Boulevard of Broken Dreams.
