Foreclosures continue to rise.(INDUSTRY NEWS & NOTES)(Brief article)

Nearly 291,000 homes in the United States received at least one foreclosure-related notice in February, up 6 percent from the previous month, according to a RealtyTrac report in March. The number of filings are up 30 percent from the same period in 2008, despite temporary halts on new foreclosures by several banks, and Fannie Mae and Freddie Mac.

Nevada continued to have the highest foreclosure rate with one in every 70 homes, according to the data.

The RealtyTrac report found that more than 74,000 properties were repossessed by lenders in February.

To view the report visit www.realtytrac.com.

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