2011's foreclosure rate lowest since pre-recession

This underscores the suffering of distressed homeowners. ((AP Photo/David Zalubowski, file))

January 12, 2012 1:31:34 PM PST
About 1.9 million homes entered the foreclosure process in 2011, the lowest level since 2007 when the recession began, according to a report Thursday by the foreclosure listing firm RealtyTrac Inc.