Friday, May 18, 2012


Foreclosures fall to lowest level since 2007

By Les Christie @CNNMoney May 17, 2012: 11:18 AM ET
Foreclosures fell significantly in April, with substantial declines in bank repossessions.
NEW YORK (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.

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