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Foreclosure filings — default notices, auction sale notices and bank repossessions — were reported on 341,180 properties in March, 46% more than a year ago and 17% above February's total।
The number of homeowners facing foreclosure surged in March as lenders lifted temporary moratoriums and resumed legal actions against delinquent mortgage payers।
One in 159 U।S. housing units received at least one foreclosure notice in the first quarter, for a total of 803,459.
This report shows that the housing problems are not going away anytime soon.
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