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Top 10 US foreclosure hotspots: 9 in California

Foreclosure activity falls year over year for 16th straight month in January
Published on Feb 16, 2012

Foreclosure activity was down on an annual basis for the 16th month in a row in January, but there are signs that activity is picking up in some states, according to a report from foreclosure data aggregator RealtyTrac. A total of 210,941 U.S. properties, or 1 in 624 housing units, received a foreclosure filing -- default notice, scheduled auction or bank repossession -- in January. That's a nearly 3 percent increase from December, but a 19 percent decrease compared to January 2011. "Although overall foreclosure activity was down from a year ago for the 16th straight month in January, we continue to see signs on a local and regional level that the frozen-up foreclosure process is beginning to thaw," said Brandon Moore, RealtyTrac's CEO, in a statement. "Foreclosure activity increased on a year-over-year basis for the first time in more than 12 months in Florida, Illinois, Indiana and Pennsylvania, following a pattern we saw in late 2011 in states such as Calif...

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