January’s foreclosure market report was released last week by RealtyTrac.
Although the analysis shows that foreclosure filings increased by 1% from the previous month, but decreased by 17% from January 2010. A total of 75,198 U.S. properties received default notices in January–which is the lowest monthly total for default notices since July 2007.
261,333 U.S. properties were in some stage of foreclosure in January 2011; or about one in every 497 housing units.
Foreclosure filings include default notices, scheduled auctions, and bank repossessions.
To read DSNews.com’s article in full, please click here.
Renee West
Broker Associate at Villa Real Estate
I'm a real estate broker associate in Newport Beach & Corona del Mar, CA, with Villa Real Estate.
Contact me at (714) 914 9060 or rwest@villarealestate.com for all your real estate wants and needs.
Contact me at (714) 914 9060 or rwest@villarealestate.com for all your real estate wants and needs.
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