The number of U.S. properties saddled with foreclosures last year dropped 26 percent from 2012, according to RealtyTrac, an online real estate firm.

RealtyTrac reported that foreclosure filings - default notices, scheduled auctions and bank repossessions - involved 1,361,795 properties in 2013. The total for the year, the lowest since 2007, is also 53 percent lower than the peak year of 2010, when 2.9 million properties were hit with foreclosure proceedings.

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