Continued foreclosures present lingering challenge

03/14/2013 | Reuters

Between January and February, residential foreclosure filings in the U.S. increased 10%, to 71,488, according to RealtyTrac. The total was down 25% compared with February 2012. "Foreclosures have been contained as a threat to the housing market, but there's still hot spots in the foreclosure market in different states that need to be stamped out," RealtyTrac Vice President Daren Blomquist said.

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