Fewer U.S. Homes Seized By Banks in April

A bank-owned, foreclosed home for sale.

That could help slow the pace of home repossessions, which are on pace to be just over 700,000 this year. Last year, about 1 million homes ended up foreclosed-upon.

All told, foreclosure-related notices were reported on 188,780 U.S. properties last month, the lowest monthly total since July 2007, RealtyTrac said. That's a decline of 5 percent from March and down 14 percent from April last year.

Lenders took back 51,415 homes and began the foreclosure process on 97,665 homes last month.

Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Reader Comments

Add Your Thoughts

Comment Name State Select One AL AK AZ AR CA CO CT DE DC FL GA HI ID IL IN IA KS KY LA ME MD MA MI MN MS MO MT NE NV NH NJ NM NY NC ND OH OK OR PA RI SC SD TN TX UT VT VA WA WV WI WY International Email

Please enter the two words below into the text field underneath the image.

Incorrect please try again

Enter the words above: Enter the numbers you hear:

Your comment will be posted immediately, unless it is spam or contains profanity. For more information, please see our Comments FAQ.