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Foreclosures up 60 percent on year

March 13th, 2008 · Permalink



NEW YORK (Reuters) - Home foreclosure filings in February edged down from January but were a whopping 60 percent higher than a year earlier, real estate data firm RealtyTrac said on Thursday.

The surge in foreclosures from a year earlier indicated that the cycle has yet to hit its peak, the firm said.

Home foreclosure filings in February totaled 223,651, down 4 percent from January, RealtyTrac, an online market of foreclosure properties, said in its February U.S. Foreclosure Market Report. The figure is a …

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