Texas and California Post Most New Foreclosure Filings

The number of foreclosure filings across the nation exceeded 100,000 for the sixth consecutive month in January, with foreclosure activity increasing in all but 17 states, according to RealtyTrac’s “January 2007 U.S. Foreclosure Market Report.” Texas and California led the country with the most foreclosure filings last month, with 14,728 and 14,430 foreclosures, respectively. In California, foreclosures were up 14.3% compared with the previous month and up 54.3% from January 2006.

According to the report, foreclosures were up 25% from a year ago across the nation in January, with a national foreclosure rate of one new filing for every 886 U.S. households.



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