Statistics on home foreclosures for January 2009 showed a 10% decrease from December 2008 foreclosures. Though the January rate is still up 18% from a year ago, the decline from December may be an indication that moratoriums and mortgage modifications may be having an effect.
According to a RealtyTrac report, one in every 466 homes had a foreclosure filing in January. The states with the highest home foreclosure rates were Nevada , California , Arizona , Florida , and Oregon .
President Obama recently announced a foreclosure prevention plan designed to help struggling homeowners with refinancing or modifying their mortgages.
RealtyTrac estimates that another three million foreclosures will occur in 2009.
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