Delays push foreclosures to 40-month low in April

Research firm RealtyTrac published a report this week showing that home foreclosures were down in April to a 40-month low. There were 219,258 foreclosure filings reported in April 2011–that’s a 9.

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Foreclosure activity last month dropped 9 percent from March 2011 and 34 percent from April 2010, according to RealtyTrac’s latest U.S. Foreclosure Market Report.Foreclosure filings, which include default notices, scheduled auctions, and bank repossessions, were reported on 219,258 U.S. properties in April, the lowest level in more than three years.

On Wednesday, data released by RealtyTrac, the leading online marketplace of foreclosure properties, showed that foreclosure filings fell to a 40-month low in April.

"Foreclosure activity decreased on an annual basis for the seventh straight month in April, bringing foreclosure activity to a 40-month low," James J. Saccacio, chief executive officer of.

Foreclosure filings plunged 34% in April from a year earlier to their lowest level in 40 months, according to RealtyTrac. It was the seventh consecutive month of decline, and sharply lower than.

Most of them were foreclosures. April. Public service doesn’t pay as well, either. In the private sector, Barrack has continued to profit off the housing bust. In June – one day after an exposé by.

Based on RealtyTrac’s latest monthly U.S. Foreclosure Market Report for April 2011, foreclosure filings – default notices, scheduled auctions and bank repossessions – were reported on 219,258 U.S. properties in April, a 9 percent decrease from March and a 34 percent decrease from April 2010.

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Foreclosure Investing With Jay Castillo Foreclosure Processing Delays Hamper Housing Recovery. – The RealtyTrac April 2011 Foreclosure Market Report finds the number of foreclosure filings in the month dropped 9% compared to March and 34% from April 2010, largely due to delays in foreclosure processing. The April decline marks the seventh straight month the total number of default notices.

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