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U.S. foreclosures drop 16% in 1st quarter

The number of foreclosure filings in the U.S. during the first quarter of 2012 was down 16 percent from the opening quarter of 2011, possibly signaling a “hairline crack” in the pent-up housing market, a new report released Thursday said. In Maryland, foreclosure filings decreased by 12.4 percent over the same period. The report, by the foreclosure ...

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