IRVINE, CA—There were 95,186 US properties with foreclosure filings in January, which is down 8% from December and 11% from a year ago, according to recent data from RealtyTrac.The research firm said that total number was the lowest since July 2006.
Lenders completed foreclosure (REO) on 29,275 US properties in January, down 26% from the previous month but still up 32% from a year ago – the 11th consecutive month with a year-over-year increase in REOs.
Lenders started the foreclosure process for the first time on 41,471 US properties in January, down 1% from the previous month and down 18% from a year ago – the seventh consecutive month with a year-over-year decrease in foreclosure starts. Foreclosure starts continue to run at pre-recession levels.
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David Phillips
David Phillips is a Chicago-based freelance writer and consultant with more than 20 years experience in business and community news. He also has extensive reporting experience in the food manufacturing industry for national trade publications.
