May 7, 2007
Northeast had fewest April foreclosures
Foreclosures took a sizable drop between March and April, as the number of pre-foreclosures and pending foreclosures nationwide fell 14.3 percent to just under 100,000, according to Foreclosures.com. The number of properties taken back by lenders - known as REO or bank-owned real estate filings - also fell 14 percent to 40,000. The Northeast region -- which includes New England, N.Y., N.J., Penn. Del., Mar. and D.C. - had the fewest, with 10,356 pre-foreclosures, 4,331 auction filings and 2,339 REO filings.
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