US Home Repossessions Fell in April

By: Associated Press Email
By: Associated Press Email

LOS ANGELES (AP) - New data show that fewer U.S. homes entered the foreclosure process or were repossessed by lenders last month.

The figures released Thursday by foreclosure listing firm RealtyTrac are the latest indication that the nation's foreclosure woes are waning.

U.S. home repossessions fell 20 percent in April from the previous month and were down 32 percent from a year earlier.

The number of homes that entered the foreclosure process dipped 4 percent last month from March and tumbled 28 percent from April last year.

Meanwhile, homes scheduled for auction in states where the courts play a role in the foreclosure process hit the highest level in more than two years.

Most could end up as bank-owned homes for sale, which should help feed the growing demand for homes.


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