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by CareyBot

U.S. foreclosure activity rose 59.8 percent in February compared to the same month last year, data provider RealtyTrac reported today, and Nevada led the nation with a foreclosure rate of one filing for every 165 households -- more than three times the national average. RealtyTrac reported 223,651 total U.S. foreclosure filings in February, which includes filings for properties in default, scheduled for auction and real-estate-owned or REO foreclosure properties that have been repurchased by a bank. The national rate of foreclosure in February was one filing for every 557 households. All but five states had a year-over-year rise in foreclosure activity in February -- the company reported that year-over-year changes in foreclosure activity may be skewed higher in seven states due...