From the Warren Group:
A new report from The Warren Group today offered some encouraging news. Fewer properties were lost to foreclosure in February compared to January and to the same month in 2008.
Almost half of the foreclosures so far this year have been of single-family home properties. Twenty percent of foreclosures were of two- and three-family homes.
The Warren Group tracked 917 auction announcements in February, down 27 percent from 1,256 in February 2008 and 30.2 percent from 1,313 in January.
“February saw a pronounced slowdown in the number of auction announcements. This is the first time that auction announcements fell below 1,000 since November 2007,” Warren said.