The U.S. economy may be gaining momentum, but the same can't be said for the housing market. More than 2.9 million residential properties received foreclosure notices last year, and the 2011 figure is likely to rise another 20%, according to RealtyTrac, an Irvine, Calif.-based firm that tracks foreclosures.Everyday Americans aren't the only ones losing homes. Many a celebrity has fallen into foreclosure lately too. Some have lost homes due to financial woes. Others have chosen to go the "strategic default" route, giving up the keys to a property to limit their losses, not because they can't afford the mortgage payments.
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