Record 3 million households hit with foreclosure in 2009

With an unemployment rate of at least 10% and an underemployment rate of 17.3% (See Underemployment) it should be no surprise that people are going to have a hard time making mortgage payments.

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Almost 3 million homeowners received at least one foreclosure filing during 2009, setting a new record for the number of people falling behind on their mortgage payments.

RealtyTrac, the online marketer of foreclosed homes, reported that one in 45 households -- or 2,824,674 properties nationwide -- were in default last year. That's 21% more than in 2008, and more than double 2007's total.

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