| More U.S. homeowners were hit with new foreclosure filings in February, pointing to the challenges the market still faces even as the housing recovery gains traction, data from RealtyTrac showed on Thursday. Foreclosure starts were seen on 71,488 homes in February, up 10 percent from the month before, though that was still down nearly 25 percent from a year ago.
Many of the states that saw the biggest increases in new filings either deal with foreclosures through the court system or have recently implemented legislation that has slowed the process down, said Daren Blomquist, vice president at RealtyTrac.......................................Full Article: Source
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