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by CareyBot

Foreclosure-related filings against U.S. homes fell 14 percent from January to February and were down 27 percent from a year ago -- the biggest year-over-year drop recorded by data aggregator RealtyTrac since it began issuing reports in 2005.RealtyTrac said 225,101 homes were subjected to a default notice, auction notice or bank repossession in February -- a three-year low that the company attributed to continued fallout from the robo-signing controversy.RealtyTrac CEO James Saccacio noted that February is a short month, and that a small part of the decrease could also be attributed to bad weather.But the "bottom line is that the industry is in the midst of a major overhaul that has severely restricted its capacity to process foreclosures," he said. "We expect to see the num...