Greetings neighbors,

Foreclosure in the U.S. is finally starting to come down according to RealtyTrac, who recently released their January 2010 U.S. Foreclosure Market Report. Factors included in the report were foreclosure filings, default notices, scheduled auctions, and bank repossessions which were reported on 315,716 U.S. properties during the month. This number is almost 10% lower than the previous month.

In addition, it was reported that: nationwide REO activity was down by 5% in comparison to the previous month but up 31% compared to January 2009, default notices decreased by 12% compared to the previous month but up 4% from January 2009, and lastly, scheduled foreclosure auctions were down 11% compared to the previous month and up 15% from January 2009.

The four U.S. states with the top highest foreclosure rate included: Nevada, Arizona, California, and Florida. Other U.S. states among the 10 highest in the country included: Nevada (11,854), Georgia (11,274), Ohio (11,105), and New Jersey (6,146).