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Report: 2011 to Break Foreclosure Record

HeadlineJan 14, 2011

A new report is warning 2011 is poised to break a record for home foreclosures in the United States. According to RealtyTrac, 1.2 million homes are likely to be repossessed this year, topping the record of one million set in 2010. At least five million borrowers are currently at least two months behind on their mortgages. California, Florida, Arizona, Illinois, Nevada and Michigan are expected to remain the states with the most foreclosures.

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