Tuesday, February 26, 2008

January Foreclosures Up 57%

About 233,000 properties were foreclosed upon in January, according to RealtyTrac, up almost 57% from the same month last year. The number was 8% higher than December levels.
“January’s foreclosure numbers demonstrate that foreclosure activity is continuing on its upward trend, substantially increasing from a year ago in many states,” said James J. Saccacio, chief executive officer of RealtyTrac.

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