2010 was the Worst "Foreclosure" Year Ever !!!

2010 was the worst ever in history in terms of "Foreclosure" proceedings.But experts claim that things could have been worse.
Here is an excerpt of the related news article.

A record number of U.S. homes were subject to foreclosure in 2010, a number that would have been even higher had several major lenders not suspended foreclosure actions in the wake of the robo-signing foreclosure scandal, according to a new report from foreclosure data firm RealtyTrac.

Foreclosure filings – including default notices, scheduled auctions and bank repossessions – were reported on 2.87 million U.S. properties in 2010, a 2 percent increase over 2009. The figure works out to approximately one home in 45, or 2.23 percent of the U.S. housing stock.

If not for the robo-signing controversy, which broke in early October, the total could have easily surpassed 3 million, said James Saccacio, RealtyTrac CEO.

So do you think 2011 would be any better? While the US Job markets seem to be improving little by little, the banks are ready to re-start the suspended Foreclosure proceedings in 2011. Then, you could expect actually the foreclosures may increase this year. At least in the first half, many housing-market professionals are NOT optimistic.

Foreclosure could hit any people: not only financially irresponsible ones, but also hard-working, responsible ones like you and me. Divorce, Job-loss, Disability or Death of your loved one could dramatically alter our financial situations that would lead to "foreclosure" filings.

If you are one of those unlucky ones, please take heart. We have published a FREE REPORT "The 5 easiest Ways to STOP Foreclosure in under 48 hours or less." It's absolutely free of charge. Please visit our website and download the report and put your nightmare behind you.