Realty Trac has released its end of year 2010 Foreclosure Report.

Highlights - Overall, there were 2% more foreclosure notices in 2010 over 2009 - but in the 4th quarter 2010 the number of foreclosures was down. In fact, the number of foreclosures was for a quarter hit the LOWEST level since 4th quarter 2008.

Most of the drop in foreclosure filings happened in December. In December, foreclosure filings were DOWN 26% over December 2009. This is a huge drop, the largest drop in the history.

OTHER INTERESTING FACTS -

51% of all foreclosures are in FIVE state - California, Florida, Arizona, Illinois and Michigan.

California - the state with the most foreclosures - had a DROP in foreclosure filings of 14% in 2010 over 2009

Florida - the second largest state with foreclosures - had a DROP of foreclosure filings of 6% in 2010 over 2009. In Florida for December - foreclosure activity in December hit the lowest monthly level since July 2007 - down 22% from the November level and DOWN 54% since December 2009!!