Foreclosures Fall 9 Percent Nationwide During April

MIAMI, Fla. (SEND2PRESS NEWSWIRE) — Foreclosure Deals, a leader in providing listings of foreclosed homes for sale nationwide, reported today that foreclosure filings in April fell 9 percent from the previous month, and over 2 percent from April of 2009. The company also revealed that default notices, which mark the beginning of a new foreclosure, were down 12 percent from March and over 27 percent from the previous year, while bank repossessions (also known as REOs) of existing foreclosures hit a record high.