Foreclosure activity slows in January

Filings still up compared to a year ago

Fewer people received default notices, had their homes up for auction and had their homes repossessed by banks in January compared to December, according to a report released by foreclosure property site RealtyTrac Thursday.

Such foreclosure filings were up 15 percent from January 2009, however, with more than 300,000 properties (315,716) receiving filings for the 11th consecutive month.