April Foreclosure Activity at its Lowest Since February 2007

RealtyTrac’s U.S. Foreclosure Market Report for April showed that foreclosure filings across the nation decreased by 5% from March, 23% from a year ago, and reached their lowest level since February 2007. While foreclosure auctions in judicial states are at a 30-month high, non-judicial states saw a decrease of 7% from March and a 43% decrease from April 2012. http://bit.ly/YKNrLA 

Foreclosure inventory, too, has seen a decline. Based on CoreLogic’s March 2013 National Foreclosure Report, foreclosure inventory was down 23% from March 2012 and 1.9% lower than the prior month. Two of the top five states with the lowest level of foreclosure inventory “as a percentage of mortgaged homes” were Wyoming at 0.5% and Montana at 0.9%. Idaho and Washington were found to have 2.1% and 2.3% in foreclosure inventory, respectively. http://bit.ly/18yVD36

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One comment on “April Foreclosure Activity at its Lowest Since February 2007

  1. Do you think maybe they are down because the banks are not finishing them and are just canceling them? Oh and by the way, 40% of the foreclosures in the past 5 YEARS have never hit the market.

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