Foreclosure filings drop, Florida is an unlikely Winner

Foreclosure activity dropped 10% from December to January although it’s still up 18% from January 2008. New numbers from RealtyTrac show that foreclosure filings — default notices, auction sale notices and bank repossessions — were reported on 274,399 U.S. properties during the month. The report also shows one in every 466 U.S. homes received a foreclosure filing in January.

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