Foreclosures continue to drop in county

Foreclosures continue to drop in county

Large gains in annual home price appreciation have continued to help keep the number of foreclosures in San Diego County at pre-Great Recession levels.

In February, banks repossessed 141 properties in the county, a slight decline from January and down 44 percent from the 252 foreclosures in February 2013, real estate tracker DataQuick reported Tuesday. Last month’s number of foreclosures was also the lowest for a February since 2006, when 40 properties were taken back by banks during the housing bubble that led to the recession. It was also a major improvement from the 1,316 foreclosures in the county in February 2008, during the middle of the economic downturn.

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