Foreclosures fall in November, January increase expected

Foreclosures fell in November to the lowest level since June due to
new state laws that lengthen the foreclosure process, RealtyTrac
reported today. More than 259,000 homes received a foreclosure-related
notice in November, which is a 7 percent decrease from October but a 28
percent increase year-over-year. But foreclosures should increase again
in January as job losses leave people unable to hang onto their homes.