Foreclosures increase 8% in January 2008

RealtyTrac®, the leading online marketplace for foreclosure properties, released its January 2008 U.S. Foreclosure Market Report™ this week, which shows foreclosure filings — default notices, auction sales notices and bank repossessions — were reported on 233,001 properties during the month, an increase of 8 percent from the previous month and an increase of nearly 57 percent from January 2007.