Report: Foreclosures down in February, numbers could rise again - KWWL - Eastern Iowa Breaking News, Weather, Closings

Report: Foreclosures down in February, numbers could rise again

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(NBC)-- While the pace of foreclosures is down, a new wave could be ahead.

According to Realtytrac Incorporated, more than 308,000 households received a foreclosure-related notice in February. That is down more than two percent from January.

However, analysts are saying a new wave of foreclosures will happen later this year.

A record 2.8 million households were threatened with foreclosure in 2009, it's expected to rise to more than three million this year.

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