In February, lenders completed foreclosures on 3,397 properties, marking a significant increase in foreclosure activity. This rise in completed foreclosures, also known as real estate owned (REO) properties, signals potential challenges in the housing market.

Key points:
– 3,397 properties repossessed through completed foreclosures in February
– Foreclosure activity on the rise, indicating potential challenges in the housing market

For more detailed information and analysis on the recent surge in foreclosure activity, you can read the full article titled “Foreclosure Activity Records Annual Increase” on Weekly Real Estate News.

You can read this full article at:

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