More Homeowners Held On In January

02.12.09 | FL News Team

Homeowners had better luck keeping the banks at bay in January as foreclosures fell slightly. RealtyTrac, which tallies foreclosure actions nationally, said ten-percent fewer such notices were reported last month than in December. Even so, one of every 466 residential units in the country received a foreclosure notice last month.  And filings for January 2009 were still 18-percent higher than January 2008. 

Homeowners aren't necessarily doing any better making payments, however. Credit for the dip goes mainly to Freddie Mac and Fannie Mae, the mortgage giants recently nationalized by Congress. They declared a moratorium over Christmas on foreclosures and then extended it through the end of January. Florida had also asked banks for a voluntary 45-day delay. That dropped foreclosures in the Sunshine State by a fifth, but it still ranked number four in the country. Nevada, California and Arizona still lead the country in foreclosure actions.