Foreclosures Still Growing in Nearly Half of States

Posted To: MND NewsWire

Foreclosure activity declined on a month-over-month basis nationwide in January although completed foreclosures were up significantly on an annual basis. However RealtyTrac reports that filings continue to rise in many states and in some cases such as the state of Oklahoma and one of its largest cities the increases were substantial and appeared to have been driven by foreclosure starts. Overall filings across the various categories reported by RealtyTrac were at the lowest level in nearly ten years according to RealtyTrac's monthly report. There were 95,186 filings of all types, notices of default, foreclosure starts, and completed foreclosures (REO) during the month, the fewest since July 2006. The number was a decrease of 8 percent from December and 11 percent from a year earlier. Completed...(read more)

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