The bleakest year in the foreclosure crisis has only just begun.
Lenders are poised to take back more homes this year than any other since the U.S. housing meltdown began in 2006. About 5 million borrowers are at least two months behind on their mortgages and industry experts say more people will miss payments because of job losses and also loans that exceed the value of the homes they are living in.
"2011 is going to be the peak," ....
Read more: http://www.sacbee.com/2011/01/12/3320669/banks-repossess-1-million-homes.html#ixzz1B1wd7MuZ