RealtyTrac’s analysis shows that foreclosure filings were reported on 261,333 U.S. properties in January. The January foreclosure market report shows a 1 percent increase from the previous month but a 17 percent decrease from January 2010. It marks the third consecutive month that filings have come in below 300,000, following 20 straight months where the total exceeded that threshold. REO activity was the only area where filings increased on a month-to-month basis.
California REO activity increased 32 percent from the previous month, and the state posted the nation’s third highest state foreclosure rate, with one in every 200 housing units receiving a foreclosure filing.