RealtyTrac: Foreclosure filings near 5-year low
OtherForeclosure filings fell to their lowest level since July 2007, driven by declines in foreclosure-burdened states like California, Arizona and Nevada. Data firm RealtyTrac said 188,780 homes received a foreclosure filing — which includes default notices, scheduled foreclosure auctions and bank-owned properties — in April, dropping 5% from March and 14% from a year earlier. Foreclosure activity dipped 67% in Nevada, 44% in Arizona and 30% in California from April 2011. “Those three states, and several other nonjudicial foreclosure states […]
