A total of 3.83 million Foreclosure filings were reported on a record high 2.87 million properties in 2010, up 2 percent from 2009 and an increase of 23 percent from 2008, according to a year-end study from Realty Trac, an on-line marketer of foreclosure properties.  The report concludes that 2.33 percent of all housing units in the United States (1 in 45) received at least one foreclosure filing last year. Nevada, Arizona and Florida posted the highest foreclosure rates in 2010.

On a positive note, the Foreclosure rates fell during the 4th quarter of 2010, which might be short-lived, as it is being attributed to all of the controversy surrounding the banks' mishandling of foreclosure documents.

If you want to know the current market value of your home, call 800-842-0190, or click on What's My Home Worth.

If you or someone you know owes more on thier home than it is worth, we may be able help you avoid Foreclosure. Contact us today!

DeHanas Real Estate Services is family-owned and operated.