Foreclosures Drop in January But Expected to Rise in 2010

Foreclosures were down in January. 315,000 home were in some level of default according to Realty Trac. That ‘s down 10% 349,000 from December. December saw the 3rd highest foreclosure since 2005 when Realty Trac began to keep records.

January saw banks repossess 87,000 homes 5% from December. But up 31% from January 2009.

AP via Yahoo News has the rest of the story.

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