Foreclosure Activity at Lowest Rate in Nearly Nine Years Last Month

Irvine, CA, March 19, 2015—Foreclosure activity fell 4.3% to the lowest rate in nearly nine years in February, according to RealtyTrac, with banks starting the process on fewer homes and scheduling fewer auctions than the previous month.

In total 101,938 properties across the country were in some stage of foreclosure in February. That represents a 9.4% decrease from February 2014.