BizNomic

Probably like a silver lining to the dark cloud of the foreclosure crisis, RealtyTrac Inc. said on Thursday that the number of U.S. households facing foreclosure in February grew 6 percent from a year ago, the smallest annual increase in four years. A state wise analysis reveals that foreclosures declined on a monthly basis and yearly basis in the hard-hit states of Nevada (One in every 102 Nevada housing units received a foreclosure filing), Arizona (1 in 163 homes received a filing) and California (15% year-over-year decline), but still grew rapidly in Florida. Banks claimed nearly 79,000 homes last month, down 10 percent from January but still up 6 percent from February 2009.

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