Foreclosures Continue to Rise in April

May 19, 2008 | Filed Under Real Estate News, Real Estate Trends and Statistics, Real Estate Investment, Mortgage and Finance 

Foreclosure filings increased 4 percent in April from the previous month and were up 65 percent compared to April 2007, according to a report released this morning by RealtyTrac, an online marketer of foreclosure properties. The 243,353 foreclosure filings that were reported in April — including default notices, auction sale notices and bank repossessions — is the highest monthly total since RealtyTrac began tracking foreclosures in January 2005.

The April national foreclosure rate stood at one foreclosure filing for every 519 households. Nevada, California and Arizona posted the highest state foreclosure rates for the month, while North Dakota, West Virginia and South Dakota had the lowest rates.

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