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by CareyBot

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 activ...