1.48% of US households face foreclosure
1,082,712 homes entered the foreclosure process nationwide during the first 11 months of the year, up 93% from the same time in 2006 (559,750), and up over 7% from numbers through October. 526,936 (6.6 homes out of every 1,000) households nationwide ended up back in the hands of lenders (REO’s) during the first 11 months of the year, up 41% from the same time in 2006. 72,101 homes nationwide were repossessed by lenders (REO’s) in November alone, up 31.77% from October’s 54,718. On a per capita basis, 14.8 of every 1,000 households nationwide faced pre-foreclosure, up nearly 93% from the same time in 2006. Preforeclosure filings are up 93%, but REOs are up only 41%. That means the 52% were able to solve their foreclosure problem (through a refinance, loan modification, finding the money or selling their home), Foreclosures.com reports.