It's going to be very hard to predict what will happen in 2011. Banks might be more open to short sales and reduce the whole problem of foreclosure-gate, but that has it problems with the investors that own loans. It will be another mess year.
"2011 is going to be the peak," said Rick Sharga, a senior vice president at foreclosure tracker RealtyTrac Inc.
The outlook comes after banks repossessed more than 1 million homes in 2010, RealtyTrac said Thursday. That marked the highest annual tally of properties lost to foreclosure on records dating back to 2005
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