1 million foreclosures - 2010

Unfortunate but the figures continue to rise.  More than 1 million people lost their homes in 2010.  2.9 million foreclosure notices were filed during the year 2010 which is phenomenal when you consider the ones that are already out there.  For more on this CNN Money article for the full story.

The article also covers Obama's HAMP program - Home Affordable Modification Program.  If you are concerned about your upside down mortgage - you may want to talk to your mortgage advisor about this program.