Foreclosures Fall 8% in U.S. With Seizure Increase Coming
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Foreclosure filings in the U.S. fell 8 percent in February, the smallest year-over-year decrease since October 2010, as lenders began working through a backlog of seized properties, RealtyTrac Inc. said.
A total of 206,900 homes received notices of default, auction or repossession last month, down 2 percent from January, the Irvine, California-based data firm said today in a report. One in every 637 households got a filing.