Foreclosure activity increased 3 percent in January, but is still down 10 percent compared to a year earlier, according to data released by RealtyTrac Thursday. Foreclosure activity includes default notices, scheduled auctions, and bank repossessions. Nationwide, one in every 624 housing units had a foreclosure filing last month. The number of properties taken back as REO in January totaled 66,542, with the biggest year-over-year increases in repossessions recorded in Massachusetts, New Hampshire, and Indiana.
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