The prediction is that 2011 is going to be the worst year yet for foreclosures. There are so many homeowners right now that are behind on their payments. I read an article from Realytrac that the numbers are close to 5 million homeowners who are behind in their payments.
Realtytrac predicts 1.2 million more homes will be taken back. This number is up from 2010 which was 1 million homes. People are losing their jobs and are having a hard time refinancing due to the more stringent guidelines that the lenders are imposing. California leads in the numbers of foreclosures to other states.
We are in a mess America. We need to get jobs back here so OUR people can work so OUR people can support their families.
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