U.S. Foreclosure Activity Decreases 2 Percent In February

Foreclosures decreased 2 percent in February compared with January, according to RealtyTrac®’s monthly foreclosure market report. Foreclosure filings were reported on 308,524 U.S. properties in February, a 2-percent decrease compared with January, but up 6 percent compared with February 2009. The report also found nearly one in every 418 U.S. housing units received a foreclosure filing in February.

Foreclosure activity in California decreased nearly 5 percent in February compared with January and was down 15 percent compared with February 2009. One in every 195 housing units in California received a foreclosure filing, according to the report.

Source: RealtyTrac