Hello neighbors,

Recent reports from RealtyTrac show that 2.8 million homes throughout the U.S. have foreclosure filings.

According to RealtyTrac's end of the year Foreclosure Market Report for 2009, there were 3,957,643 filed foreclosures, default notices, scheduled foreclosure auctions, and bank repossessions reported on 2,824,674 properties in the U.S. last year. This number is a 21% increase compared to 2008 and 120% increase  compared to 2007.

In addition, the report showed a 14% increase in December compared to the previous month in foreclosure filings of 349,519 U.S. properties. Compared to December 2008, this number was a 15% increase.

Although foreclosure activity showed an increase in December, there was a decrease of 7% in foreclosures during the fourth quarter compared to the third quarter of 2009. However, this number was up 18% in comparison to the fourth quarter of 2008.