Compared to last year’s first quarter, foreclosure activity is down in 64 percent of the 220 metro areas that the foreclosure marketplace RealtyTrac analyzes, the lowest rate since the fourth quarter of 2007. However, a majority (54 percent) of the tracked metros showed increases in foreclosure activity from the last quarter, a possible indication that the suspected coming flood of foreclosures trapped behind the robo-signing dam is beginning to flow.
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