US foreclosures hit new record in 2009

A record 2.8 million households were threatened with foreclosure last year, and that number is expected to rise this year as more unemployed and cash-strapped homeowners fall behind on their mortgages.

In December, more than 349,000 households, or one in 366 homes, were hit with a foreclosure-related notice. That represents a 14 percent spike from November and a 15 percent jump from December 2008.

news.yahoo.com...

[edit on 1/14/2010 by eldard]

Odd. I didn't see the word "unexpected" anywhere in that report. This reporter should be fired.

news.yahoo.com...

Great find
It appears that more and more of these type of articles are showing up
I know if it was me i would just not leave my house
What would they do if 2.9 million people said no?