Foreclosures slow dramatically

For the first time in months, the January foreclosure filings decreased 10 percent in January 2009, according to RealtyTrac. Foreclosures were reported on 274,399 U.S. properties during the month, a 10 percent decrease from the previous month but still up 18 percent from January 2008. The report also shows one in every 466 U.S. housing units received a foreclosure filing in January.

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