Judicial State Auctions Rise: Foreclosure activity in April fell to a 74-month low across the country, but many judicial states are experiencing rising foreclosures. Furthermore, judicial foreclosure auctions reached a 30-month high, according to RealtyTrac’s April U.S. Foreclosure Market Report.
One in every 905 homes in the country had a foreclosure filing in April, while the total number of filings, which include default notices, scheduled auctions, and bank repossessions, declined 5 percent from March and 23 percent from April 2012.
April’s scheduled judicial foreclosure auctions, which reached their highest level in 30 months, demonstrated a 22 percent monthly increase and a 31 percent yearly increase.
In contrast, non-judicial foreclosure auctions reached an 88-month low, having fallen 43 percent from last April. Read more ....
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