Real estate foreclosures soar in February

There were 117,259 properties nationwide that entered some stage of foreclosure in February, a 13 percent increase from the previous month and a 68 percent increase from February 2005, according to RealtyTrac, an online marketplace for foreclosure properties.

RealtyTrac's Monthly U.S. Foreclosure Market Report shows a February national foreclosure rate of one new foreclosure for every 986 U.S.

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