It has been a great quarter for the economy, hasn't it? I mean, the economic recovery is in full swing . . . right? The Dow has eclipsed 10,000 for the first time in a year and there is absolutely no hint of the doldrums from which the economy has emerged. Not so fast, my friend.According to RealtyTrac, an online marketer of foreclosed homes, 937,840 homes were foreclosed on during the past quarter -- a record number. That is a lot of foreclosures -- 5% more than in the second quarter and 23% more than a year ago. In fact, this means that one in every 136 homes were in foreclosure. Rick Sharga from RealtyTrac told CNNMoney: "They [the past quarter] were the worst three months of all time."

While many major lenders took steps to stem the rising tide of foreclosures, RealtyTrac reported that the number of households 

