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U.S. foreclosure filings up 6% in February

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Foreclosure-related filings on U.S. homes jumped 6 percent from January to February, with more dramatic increases in hard-hit states like Arizona, Florida, Michigan and Nevada, data aggregator RealtyTrac said today. Looking back a year, the number of foreclosure-related filings -- including default notices, auction sale notices and bank repossessions -- was up 30 percent, to 290,631. Not all properties that enter the foreclosure process end up being auctioned or repossessed by lenders. But the Mortgage Bankers Association said last week that a record 8 percent of all mortgages were behind at least one payment during the fourth quarter, and that the percentage of loans 60 days or 90 days past due also set records (see story). Data collected by RealtyTrac showed foreclosure-related filings climbing in 26 states from January to February, but easing in 20 others including Colorado, Illinois, Indiana and several Northeastern states. The number of foreclosure-related filings w...