from CNNMoney
Foreclosure filings in April fell for the third straight month to the lowest level since July 2007.
Total foreclosure activity for April, including default notices, scheduled auctions and bank repossessions, was down 5% from March, according to RealtyTrac.
Bank repossessions declined significantly -- there were 51,415
repossessions last month, down 26% from a year ago, and about half the
102,000 monthly repossessions at the peak in September 2010.
Much
of the improvement, however, can be attributed to declines in only a
handful of states, especially those that had been hardest hit by the
housing crisis and which did not require judicial review of
foreclosures.
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