Industry NewsMarkets & Economy

Foreclosure activity hits 40-month low in April

Average foreclosure timeline grows to 400 days
Published on May 11, 2011

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by CareyBot

Foreclosure filings on U.S. properties fell 34 percent year-over-year in April, according to a report from foreclosure data site RealtyTrac.

One in every 593 housing units, or 219,258 properties, received a foreclosure filing -- default notice, scheduled auction, or bank repossession -- last month. That's a 9 percent drop from March and a 34 drop from April 2010.

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