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IRVINE, Calif. — Foreclosure numbers for 2006 are in and they paint a worrisome picture. More than 1.2 million foreclosure filings were reported nationwide in 2006, a 42% leap from the previous year, according to the 2006 U.S. Foreclosure Market Report released by RealtyTrac, an online marketplace for foreclosure properties. That’s a rate of one foreclosure filing for every 92 households.

James Saccacio, CEO of RealtyTrac, attributed the increase to the general slowing of housing sales and the impact of “dramatically increasing” monthly mortgage payments for homeowners that opted for adjustable rate and subprime mortgages.

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