Report: Fewer US homes foreclosed upon in April

By: Associated Press Email
By: Associated Press Email

New foreclosure data show that the number of U.S. homes seized by banks declined in April, while fewer properties entered into the foreclosure process.

Foreclosure listing service RealtyTrac Inc. says that home repossessions fell 7 percent from March and dropped 26 percent from April last year.

The number of homes that lenders placed on the foreclosure path
last month fell 4 percent from March and dipped 2 percent from April 2011.

Still, state-level data point to potentially more home repossessions ahead in many of the 26 states where courts must sign off on foreclosures.

Foreclosure activity across these states combined jumped 15
percent versus April last year.

Many have a logjam of pending foreclosure cases that now has
lenders playing catch-up, driving foreclosure activity higher in those states.

Comments are posted from viewers like you and do not always reflect the views of this station.
powered by Disqus
WNDU - Channel 16 54516 State Road 933 South Bend, IN 46637 Front Desk: 574-284-3000 Newsroom: 574-284-3016 Email:
Gray Television, Inc. - Copyright © 2002-2014 - Designed by Gray Digital Media - Powered by Clickability 151839095 -