RealtyTrac says 5% fewer homes received foreclosure filings in April than in March, a 14% Y/Y...


RealtyTrac says 5% fewer homes received foreclosure filings in April than in March, a 14% Y/Y decline; foreclosure activity fell 67% in Nevada, 44% in Arizona and 30% in California from a year ago. Though foreclosures are back to July 2007 levels, "more distressed loans are being diverted into short sales rather than becoming completed foreclosures."

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