Michigan

Pending Foreclosures Climb Dramatically in January 

The pace of pending foreclosures remained high in January with more than 103,000 foreclosure notices filed, adding to the nearly one million filings reported during 2006. According to data released today by ForeclosureS.com, nearly every region in the U.S. is facing the prospect of increasing foreclosures, but no region has been more impacted than the Southwest. Just one month into the first quarter of 2007, already 50,404 foreclosure filings have been reported in the Southwest — more than half the 94,631 filings for the region during the entire first quarter of 2006.