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.