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RealtyTrac: New York State January 2012 total foreclosures decrease; state continues to rank among lowest in nation

Feb 21, 2012

In its U.S. Foreclosure Market Report for January 2012, which reports default notices, scheduled auctions and bank repossessions in the month of January, RealtyTrac Inc. reported New York State had 1,672 total foreclosures, a decrease of 7.68 percent from December and a decrease of 42.05 percent from January 2011.

New York State ranked number 47 of all 50 states for monthly total foreclosure filings with one in every 4,849 properties receiving a foreclosure filing in January.

Foreclosure filings were reported nationally on 210,941 U.S. properties in January, an increase of 2.89 percent from December, but a decrease of 19.28 percent from year-ago totals. Nationally, one in every 624 properties received a foreclosure filing.

According to the press release, RealtyTrac is anticipating increasing foreclosures in the coming months due to the recent mortgage and foreclosure settlement reached earlier this month.

To read the entire RealtyTrac press release, click here.

For more statistics and trends from RealtyTrac, click here.

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