U.S. foreclosures fell 10% M/M in January, to 315,716, or one in every 409 houses. But the drop...

|By:, SA News Editor
U.S. foreclosures fell 10% M/M in January, to 315,716, or one in every 409 houses. But the drop may be temporary, warns RealtyTrac: "If history repeats itself we will see a surge in the numbers over the next few months as lenders foreclose on delinquent loans" where mortgage-mods and other alternatives have failed.