February Foreclosure Filings Are Down

Foreclosure filings were up 6 percent in February compared to a year ago — the smallest year-over-year increase in records dating to January 2006.

The 308,524 U.S. properties hit with foreclosure filings during the month represented a 2 percent decrease from January, and February was a shorter month by three days.

The leveling of foreclosure filings is not necessarily evidence that fewer homeowners are in distress and at risk for foreclosure, RealtyTrac CEO James Saccacio said in a press release.