A rise in foreclosure starts and auctions caused an increase in U.S. foreclosure activity in March, up 4 percent from the previous month according to the U.S. Foreclosure Market.
The company reported approximately 117,000 foreclosure filings for the month of March, down 23 percent from the previous year. Foreclosure starts increased by 7 percent, and foreclosure auctions increased by 6 percent, both on a month-over-month basis. Quarterly, foreclosure activity remains down to the lowest it has been since the second quarter of 2007. 'Now that the foreclosure deluge has dried up, banks are turning their attention back to properties that have been sitting in foreclosure limbo for some time,' Read more. 
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