Click on the title to link. We cannot imagine this would be surprising to anybody, especially if you read this blog, but 2010 was a record year for foreclosures. What may be surprising to you is 2011 will be worse.
The article says 5 million people are currently two months behind on their mortgage payment. It could get more ugly real quick. The thing is people will lose their will to fight it. Why bother holding on when your house is upside down anyways? Not that we are for that mind set, but it is tough to get past it if you are in that situation and struggling.