Banks repossess 1 million homes by 2010 (AP)

NEW YORK - the darkest year foreclosure crisis has just begun.

Lenders are willing to make homes more return this year than any other since the beginning of the 2006 U.S. housing crisis. Approximately 5 million borrowers are at least two months behind their mortgages and more will miss the payments that they struggle with loss of jobs and loans worth more than the value of their House, forecasts industry analysts.

"2011 will be the peak," said Rick Sharjah foreclosure tracker RealtyTrac Inc. VP.

Outlook comes after repeated banks possession of more than 1 million homes by 2010, RealtyTrac, said Thursday. That marked the higher annual count of properties lost to foreclosure of records dating from 2005.

American households a 45 received a foreclosure filing last year, a record 2.9 million homes. It is rising 1.67% from 2009.

December, 257,747 of American households received at least a notice associated with the foreclosure. It was the lowest total monthly in 30 months. The number of advisories fell 1.8% in November and 26.3% in December 2009, RealtyTrac said.

Pace slowed in the last two months of 2010 as banks reviewed their foreclosure process after the allegations resurfaced in September that the evictions were processed incorrectly. Under surveillance increased Government temporarily interrupted lenders taken actions against severely borrowers behind on their payments.

However, most banks have resumed since their eviction process, and in the first quarter probably show a rebound in activity of the foreclosure, said of Sharjah.

Foreclosures are expected to remain high through the year, as owners contend with stricter standards stubbornly high unemployment rate of refinancing credit and falling home values. Sharjah said he expects at this price to dip another 5% nationally to ultimately hollow. The decline will grow more borrowers under water their mortgages. Already, approximately one in five homeowners with a mortgage are more that their house is worth.

Likely pain will be more acute in the States which have already been hard. Which includes the former housing boom States, Nevada, Arizona, Florida and California, as well as with States which suffer most from the economic crisis, including Michigan and Illinois.

Nevada has posted the highest rate of foreclosure in 2010 for the fourth year, despite a decrease of 5 percent in the activity of the previous year. One in every 11 households received a foreclosure filing year last in the State. In December, foreclosure activity increased from 18 percent in November with a hint of 71 per cent in possession of the Bank.

Arizona and California have also shown December sharp increases in the number of houses banks resumed at 52% and 47% respectively. Arizona, with Florida, finished the year at no. 2 and 3 for the highest foreclosure rates.

One every 17 Arizona homes received a foreclosure filing last year, while one in 18 received a notice in Florida.

California, Utah, the Georgia, Michigan, Idaho, Illinois and Colorado completed States top 10 with the highest foreclosure rates.

More than half the country's Foreclosure activity came out of five States of 2010: California, Florida, Arizona, Illinois and Michigan. Together, these States record almost 1.5 million households receiving a deposit, despite the decrease in the year in California, Florida and Arizona.

RealtyTrac tracks view for default values, home goods and home regular auctions - warnings which may result in a House being finally lost foreclosure.