Banks took back more US homes in January than in the previous month, the latest sign that foreclosures are accelerating after slowing sharply last year.
All told, 210,941 U.S. homes received a default notice, were scheduled for auction or were arepossessed by a lender in January, RealtyTrac said.
That's up 3% from December last year. The foreclosure rate translates to one in every 624 U.S. households.
Some states posted sharp increases compared to January 2011. In New Hampshire, foreclosures jumped 62%. In Massachusetts, 75%. Economists are wondering if this trend would continue for some time.
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