Foreclosures up in 2011

In Data on February 14, 2011 at 6:26 am

Following the report that a Record 2.9 Million U.S. Properties Receive Foreclosure Filings in 2010 the impact of those foreclosures is working its way through through the system.

RealtyTrac reports that foreclosure activity is up 1% in January. According to the report lenders foreclosed on 78,133 U.S. properties in January, up 12 percent from December.

Among the leaders is Nevada, of course:

Nevada bank repossessions increased 16 percent from the previous month, helping the state maintain the nation’s highest state foreclosure rate for the 49th straight month — despite month-over-month decreases in default notices and scheduled auctions. One in every 93 Nevada housing units received a foreclosure filing in January — more than five times the national average.

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