April sets record for foreclosures

One out of every 374 houses in U.S. Filed for foreclosure this April, according to information released today by RealtyTrac. Last month set the record for foreclosure numbers with 342,038 properties receiving default notices, going to auction or falling into bank repossession. This is an 1 percent increase compared to March, making April the highest foreclosure rate since the agency began tracking the figures in January 2005.

Where you see home

Where you see home foreclosures as being up, the National Association of Realtors sees "home sales are up!" Now's the time to buy!

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