1,905,723 foreclosure filings — default notices, auction sale notices and bank repossessions — were reported on 1,528,364 U.S. properties in the first six months of 2009, a 9 percent increase in total properties from the previous six months
15 percent increase in total properties from the first six months of 2008
1.19 percent of all U.S. housing units (one in 84) received at least one foreclosure filing in the first half of the year.
the second quarter total to the highest quarterly total
Unemployment-related foreclosures account for much of this increased activity, and the high number of borrowers who find themselves owing more on their mortgages than their homes’ are now worth represent a potentially significant future risk.