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Updated: 11/07/2013 08:00:04AM

Outlook sunny on foreclosure front

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As the national homeownership rate climbed from its lowest level in 18 years, reversing one negative real estate trend, local foreclosure numbers also are on the rebound, signaling a continued strengthening of the residential market.

New foreclosure filings in Southwest Florida during October were less than half of what they were a year before. Last month’s filings in Sarasota and Charlotte counties totaled 303, compared with 621 in October 2012.

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