Additionally, "some 5m homes have entered foreclosure in the past three years.

Northwest Plaza entered foreclosure and was auctioned on September 1, 2009.

Falling prices also resulted in homes worth less than the mortgage loan, providing a financial incentive to enter foreclosure.

A homeowner falls behind on his mortgage payments and enters foreclosure.

Even then, the railroad entered foreclosure in 1895.

The mall entered foreclosure in 2008, and put under the operation of Jones Lang LaSalle.

The mall entered foreclosure in 2011 and was sold to Boxer Properties of Dallas, Texas.

Up to 9 million homes may enter foreclosure over the 2009-2011 period, versus one million in a typical year.

Glimcher requested the mall be put into receivership due to heavy debt, and there have been reports of the mall entering foreclosure.

Subprime loans entering foreclosure rose to a five-year high of 2.43 percent, up from 2 percent in the previous quarter, according to the Mortgage Bankers Association.