Feb. foreclosures up 60 percent over year before
Nevada, California, Florida have highest rates of those losing their homes
updated 12:31 p.m. ET, Thurs., March. 13, 2008
LOS ANGELES - Nearly 60 percent more U.S. homes faced foreclosure in February than in the same month last year, with Nevada, California and Florida showing the highest foreclosure rates, a research firm said Wednesday.
A total of 223,651 homes across the nation received at least one notice from lenders last month related to overdue payments, up 59.8 percent from 139,922 a year earlier, according to Irvine, Calif.-based RealtyTrac Inc.
Nearly half of the homes on the most recent list had slipped into default for the first time.