Seventy-four months it has been since foreclosure activity has been as low as it was last month. One in every 905 homes in the country had a foreclosure filing in April, total filings – including default notices, scheduled auctions, and bank repossessions – declined five percent month-over-month and 23 percent year-over-year in April. Scheduled judicial foreclosures auctions, however, are on the rise, with a 22 percent month-over-month increase in April and a 31 percent year-over-year increase[1].



by Carole VanSickle