About 4 million foreclosure filings -- default notices, scheduled foreclosure auctions and bank repossessions -- were reported on U.S. properties in 2009, according to RealtyTrac.
That represents a 21 percent increase in total properties from 2008 and a 120 percent increase in total properties from 2007, RealtyTrac reported. One in 45, or 2.21 percent of all U.S. housing units, received at least one foreclosure filing during the year, up from 1.84 percent in 2008, 1.03 percent in 2007 and 0.58 percent in 2006.
Foreclosure filings were reported on 349,519 U.S. properties in December, a 14 percent jump from the previous month and a 15 percent increase from December 2008, when a similar monthly jump in foreclosure activity occurred.
Despite the increase in December, foreclosure activity in the fourth quarter decreased 7 percent from the third quarter, although it was still up 18 percent from the fourth quarter of 2008
Four states accounted for more than 50 percent of the nation’s 2009 total, with more than 1.4 million properties receiving a foreclosure filing in California, Florida, Arizona and Illinois combined.
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