Friday, June 19, 2015 / by Severiano Fernandez
Saturday, May 31, 2014 / by Severiano Fernandez
The report found one in every 1,137 U.S. housing units with a foreclosure filing during the month.
Although April saw a decrease in overall foreclosure activity for the month, bank repossessions increased 4 percent from March. REO properties, which totaled roughly 30,000 in April, are still down 14 percent from a year ago.
"The rise in bank repossessions in many states is a sign that those markets are working through the final remnants of foreclosures left over from the recent housing crisis," said Daren Blomquist, VP at RealtyTrac. "Many of these bank-owned homes are bottom-of-the-barrel properties in terms of location or condition, but they will provide some much-wanted inventory of homes for sale in some markets in the coming months. Investors and other buyer; ...