The nationwide inventory of foreclosed residential properties declined 7% in February, according to Foreclosure.com, an online foreclosure listing service based in Boca Raton, Fla.There were 18,824 new foreclosed residential properties listed in the United States in February, and such properties totaled 72,877 overall, the company reported. "Following a year of heavy growth in foreclosure inventory in many parts of the country, foreclosures have leveled off in the first two months of 2005," said Brad Geisen, president and chief executive officer of Foreclosure.com. "The 7% drop in both new and total foreclosures in February can largely be attributed to the short month." The company can be found online at http://www.foreclosure.com.
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