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IRVINE, CA—Foreclosure activity on residential properties continues to decline nationwide, according to a report from RealtyTrac. The report shows that foreclosure filings were reported on 112,498 US properties in February, a 10% decrease from January and down 27% from February 2013 to the lowest monthly total since December 2006. The new figure is a more-than-seven-year low, says RealtyTrac.

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