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Nevada continues to lead in foreclosure rates

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U.S. foreclosure activity increased 57 percent in March compared with the same month a year ago, data provider RealtyTrac reported today, and Nevada continued to lead the nation with one foreclosure filing for every 139 households, nearly four times the national average. At the national level, there were 234,685 total foreclosure filings in March, 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 March was one filing for every 538 households. The national foreclosure rate was up 5 percent in March from the previous month. Nevada, California and Florida continued to top state foreclosure rates. Foreclosure rates in California and Florida ranked second and third highest respectively among the states for the fourth straight month. One in every 204 California households received a foreclosure filing in March -- 2.6 times the nati...