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Foreclosures Expected to Top 1 Million This Year

HeadlineJul 15, 2010

New figures show more than one million Americans are likely to lose their homes to foreclosure this year. According to RealtyTrac, close to 528,000 homes were foreclosed in the first six months of the year, a figure on pace to surpass last year’s 900,000 repossessed homes. The one million mark is about ten times the historical average for foreclosures per year.

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