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Foreclosure filings down 10% in January

RealtyTrac attributes drop to efforts by lenders, government

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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. Saccacio said moratoriums on foreclosure sales by Fannie Mae and Freddie Mac that were extended through the end of January, and with Florida's voluntary 45-day freeze on foreclosure actions, seemed to have had an effect. Looking back one year, however, the 274,399 homes hit with some type of foreclosure filing during January -- including a default notice, auction sale notice, or bank repossession -- represented an 18 percent increase from ...