U.S. foreclosures may hit 1M

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U.S. foreclosures may hit 1M

Lenders typically take over 100,000 homes annually
PAUL SAKUMA/AP
Nearly 528,000 homes were taken over by lenders in the first six months of the year, a rate that is on track to eclipse the more than 900,000 homes repossessed in 2009, according to data released Thursday by RealtyTrac Inc., a foreclosure listing service.

U.S. foreclosures may hit 1M

PAUL SAKUMA/AP
Nearly 528,000 homes were taken over by lenders in the first six months of the year, a rate that is on track to eclipse the more than 900,000 homes repossessed in 2009, according to data released Thursday by RealtyTrac Inc., a foreclosure listing service.
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