Foreclosure starts down 28 pct. in U.S.
The number of U.S. homes entering the foreclosure process fell in January to a level not seen since the peak of the housing boom.
So-called foreclosure starts – when a home with a mortgage gone unpaid is placed on a countdown clock to possible foreclosure – declined 28 percent nationally last month from January 2012, foreclosure listing firm RealtyTrac Inc. said Thursday.
Foreclosure starts also fell 11 percent from December, the firm said.
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