Industry NewsMarkets & Economy

Foreclosure filings down 10% in January

RealtyTrac attributes drop to efforts by lenders, government
Published on Feb 12, 2009

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Foreclosure-related filings fell 10 percent from December to January, as foreclosure prevention efforts by lenders and the government appeared to be taking hold, data aggregator RealtyTrac said today.

Completed foreclosure sales were down 15 percent from the month before, and overall foreclosure-related filings in Florida fell 20 percent.

"The extensive foreclosure efforts on the part of lenders and government agencies appear to have impacted the January numbers," said James J. Saccacio, chief executive officer of RealtyTrac.