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by CareyBot

Foreclosures took a breather in February from the previous month, but activity is still well above what it was a year ago, an information service reported. Foreclosure activity was down 4 percent in February from January, according to one source of foreclosure information, which also said that the foreclosure filings were up 12 percent from the same month a year ago. A total of 130,786 foreclosure filings, including default notices, auction sale notices and bank repossessions, were reported during February, according to a report from RealtyTrac, which tracks activity across major metropolitan areas throughout the nation. The report also shows a national foreclosure rate of one foreclosure filing for every 884 U.S. households during the month. "Based on our numbers for the first two months ...