Residential servicers completed 65,000 foreclosures in February, an 8% decline from the prior month and just about flat from the same period a year ago, according to new figures compiled by CoreLogic, Santa Ana, Calif.The firm said roughly 1.4 million homes -- 3.4% of all units encumbered by a mortgage — were in the foreclosure during the month, compared to 1.5 million in January.

The five states with the highest number of foreclosures include California (154,000), Florida (87,000), Michigan (64,000), Arizona (63,000), and Texas (58,000).  Florida once again led the nation in terms of foreclosure ratios: 12%. New Jersey was a distant second at 6.6%.

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