US foreclosure filings surpass 300,000 for 11th month in a row

Business Week

02/11/10

U.S. foreclosure filings rose 15 percent in January from a year earlier and exceeded 300,000 for the 11th consecutive month as modification programs failed to keep delinquent borrowers in their homes, RealtyTrac Inc. said. A total of 315,716 properties received a notice of default, auction or bank seizure last month, or one in 409 households, the Irvine, California-based seller of default data said today in a statement. Filings fell 10 percent from December...

//tinyurl.com/yh6rd6j


Informant: Thomas L. Knapp



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