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by CareyBot

The number of properties entering the foreclosure process dropped 10 percent in April from the previous month, but was up 33 percent from the same month a year ago, according to an industry report. A total of 91,168 properties nationwide entered some stage of foreclosure last month, according to RealtyTrac's April foreclosure market report. The report shows an April national foreclosure rate of one foreclosure filing for every 1,268 U.S. households. "Foreclosure filings have decreased 23 percent over the past two months after shooting up 40 percent in the first two months of the year," said James J. Saccacio, chief executive officer of RealtyTrac. "While the national foreclosure rate is still higher than it was in any month last year, this two-month downward trend indicates that housing ...