Foreclosures Jump 57% in January vs. 2007

Aol Real Estate Contributor
Updated

LOS ANGELES (AP) — The number of homes facing foreclosure jumped 57% in January compared to a year ago, with lenders increasingly forced to take possession of homes they couldn't unload at auctions, a mortgage research firm said Monday.
Nationwide, some 233,001 homes received at least one notice from lenders last month related to overdue payments, compared with 148,425 a year earlier, according to Irvine, Calif.-based RealtyTrac. Nearly half of the total involved

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