LOS ANGELES (AP) — While the nation's foreclosure woes persist, new data show they're easing amid a resurgent housing market, rising home prices and efforts by some states to buy homeowners more time to avoid losing their homes. The number of U.S. homes repossessed by lenders last month fell 11 percent from January and declined 29 percent from February last year, tumbling to the lowest level since September 2007, foreclosure listing firm RealtyTrac Inc. said Thursday. Some states continued to see sharp increases in homes lost to foreclosure last month, including Washington, Wisconsin and Iowa.
Sharp drop in homes lost to foreclosure, rising values & new laws getting credit