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U.S. home foreclosures on track for 6-year low

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By ALEX VEIGA

AP Real Estate Writer

LOS ANGELES (AP) -- The U.S. is on track to end the year with the fewest homes repossessed by lenders in six years, a trend that should help limit the negative impact foreclosures have on home values.

Lenders repossessed 36,964 U.S. homes last month, down 31 percent from July last year, foreclosure listing firm RealtyTrac Inc. said Thursday.

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