Foreclosures level off in February

RealtyTrac: Filings expected to remain at high level

Foreclosure-related filings were up 6 percent in February compared to a year ago, data aggregator RealtyTrac said today — the smallest year-over-year increase in records dating to January 2006.

The 308,524 U.S. properties hit with foreclosure-related filings during the month represented a 2 percent decrease from January, and February was a shorter month by three days.

The leveling of foreclosure-related filings is not necessarily evidence that fewer homeowners are in distress and at risk for foreclosure, RealtyTrac CEO James Saccacio said in a press release.