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RJ & Makay

Our view of news, events and human capital trends in the financial services industry.
Tags >> repossession

Home foreclosure notices declined in January

Posted by RJ and Makay on Feb 10, 2011

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Home Foreclosure Notices  Declined in JanuaryFewer U.S. homes entered the foreclosure process in January than in any month in more than three years, reports foreclosure listing firm RealtyTrac.

Indeed, the number of homes receiving an initial default notice in January fell 1% since December and plunged 27% since January 2010. Scheduled foreclosure auctions have also sharply decreased, falling to their lowest level in two years, RealtyTrac says.