Residential foreclosures could top 1.23 million units this year, according to figures compiled by CoreLogic, Los Altos, Calif. In the first quarter 309,194 homes went into foreclosure, the company found, a 17% jump from the same period last year. In 2009 1.16 million homes went into foreclosure, a record.

Meanwhile, figures CoreLogic calculated for The New York Times suggest that more than one in seven homeowners with loans in excess of a million dollars is seriously delinquent.

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