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.
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