Worst Over in 'Foreclosure Crisis'?

Published March 05, 2007, 3:00 p.m. EST

1 Min Read

Foreclosure filings declined in February for the second straight month, indicating that the worst may be over in "America's home foreclosure crisis," according to ForeclosureS.com, a Fair Oaks, Calif.-based investment advisory firm.Nationally, 106,074 filings were reported in February, down 3.4% from 109,851 in January, the company said. However, the numbers were still up nearly 65% from the 64,375 filings in February 2006. "The foreclosure numbers finally are beginning to reflect the stabilization in housing markets that we've been talking about for the last few months," said Alexis McGee, president of the firm. The company can be found online at http://www.foreclosures.com.

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