Delays push foreclosures to 40-month low in April

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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.

 · 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.

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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, scheduled auctions and bank repossessions decreased year-over-year, down to a 40-month low.

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

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Is Buying a Foreclosure a Good Idea? 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.

Obama’s Foreclosure Relief Program Was Designed to Help Bankers, Not Homeowners. benefit in April 2013 from the Independent Foreclosure Review, a Federal Reserve-led settlement designed to.

Thanks to that negative push and uncertainty over Europe. to see some slight house price declines in some areas of the U.S., areas that have very high foreclosure inventory, like Florida, or states.

Foreclosures Hit 40-Month Low As 50-Month High Lies Ahead. Foreclosures reached a 40-month low in April, and the news is more negative than positive.. RealtyTrac said a delay in foreclosure. Disease, planting concerns send wheat, corn futures up. – Recap for May 16 Wheat, corn and soy complex futures notched gains Thursday on continued wet conditions and a forecast for rain into June in the Midwest.