Foreclosures dropped 16% last month in Alabama. Here is the link from the Birmingham Biz journal. This is a positive sign considering the nationwide trend that is still rapidly increasing. The best news is that the total number is down 12% from January 2007. For the entire nation, foreclosures are up over 57% from January 2007. This shows that Alabama is bucking the nationwide trend of rapid foreclosures. Fewer foreclosures will ultimately help stabilize prices in several markets