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Foreclosure filings ease in Western states

ForeclosureRadar: 'Surprising' drop in filings, rise in cancellations

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Foreclosure-related filings fell during April in four of five Western states covered by ForeclosureRadar, a surprising trend given that banks have had time to resolve robo-signing issues and lenders would be expected to be trying to make up for recent delays, the company said.

Foreclosure-related filings tracked by ForeclosureRadar declined from March to April in Arizona, California, Nevada and Washington.

Oregon, however, saw notices of default jump 236 percent, to 3,719. Much of that increase was attributed to Bank of America subsidiary ReconTrust, which filed 2,840 new notices of default in April, up from 131 during the first three months of the year.

Bank repossessions in Oregon fell 14.8 percent from March to April and 59.1 percent from a year ago, to 248, whil...