Foreclosure Numbers Show Some Improvement
The rates of foreclosures in the country dropped in April for the first time since before the current economic downturn began, according to Realty Trac, a firm that bills itself as the "leading online marketplace of foreclosure properties."
Realty Trac publishes the U.S. Foreclosure Market Report, which tracks foreclosure filings and statistics. In April the firm found that foreclosure filings, that include default notices, scheduled auctions and bank repossessions, were reported on 333,837 properties in April, a 9% decrease from the previous month and a 2%decrease from April 2009. One in every 387 U.S. housing units received a foreclosure filing during the month, the firm reported.