Foreclosure Rates Higher In April
April foreclosure numbers were up 32 percent over 2008 numbers and up slightly over numbers for March 2009, according to data released by Realty Trac.
Over 342,000 homes received some type of foreclosure notice, marking the second straight month that number was above 300,000.
The numbers showed a marked increase in the early stages of the foreclosure process with means that repossessions will likely rise in coming months, according to analysts at Realty Trac.
That may not be the case if homeowners who received their early notices consider chapter 13 bankruptcy to stop the proceedings and catch up on any arrears they may have on their mortgage.
