US Foreclosure Filings Jump 8 Percent in January: Report

Texas saw the highest number of foreclosure starts, followed by California, Florida, Illinois, and New York.
US Foreclosure Filings Jump 8 Percent in January: Report
A 'Bank Foreclosure Sale' sign is posted in front of townhomes in Los Angeles in a file photo. Kevork Djansezian/Getty Images
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The number of properties subjected to foreclosure filings in the United States increased last month, but doubts remain as to whether it signifies a break from last year’s declining trend, according to property data company ATTOM.

There were a total of 30,816 properties in the United States with foreclosure filings in January, up by 8 percent on a monthly basis, but down by 7 percent from a year ago, the company said in a Feb. 11 statement. One in 4,618 housing units had a filing last month nationwide. State-wise, Delaware saw the highest rate of foreclosures, with one in 1,839 housing units making a filing. This was followed by Nevada, Indiana, Illinois, and Utah.
Naveen Athrappully
Naveen Athrappully
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Naveen Athrappully is a news reporter covering business and world events at The Epoch Times.