February foreclosures up 6% vs. 2009, off 2% vs. January
By Robert Daniel
Published in MarketWatch
March 11, 2010
These filings — default notices, scheduled auctions and bank repossessions — affected more than 308,500 U.S. properties in February. That’s 1 of every 418 U.S. housing units, the Irvine, Calif., consulting firm reported.
The 6% rise from February 2009 was the smallest year-over-year increase since January 2006, when RealtyTrac began calculating this figure, Chief Executive James J. Saccacio said in a statement. But “it still marked the 50th consecutive month of year-over-year increases in foreclosure activity.”