The number of homes in some stage of the foreclosure process fell 21 percent in February from a year ago, to 1.2 million, according to data aggregator CoreLogic.

February saw 54,000 homes lost to foreclosure, down 7 percent from January and 19 percent from a year ago. That’s still close to three times monthly rate of completed foreclosures before the housing bust, when an average of 21,000 homes completed the foreclosure process each month, CoreLogic noted.

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