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Nevada, California, Florida lead nation in rate of foreclosure

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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 to changes in data coverage. Among those states without changes in data coverage, foreclosure activity climbed 209.7 percent in Arizona, 162.5 percent in Idaho, 145.7 percent in Wisconsin, 142.4 ...