Foreclosures Fall To Lowest Level Since 2007

Foreclosure filings in April fell for the third straight month to the lowest level since July 2007.

Total Foreclosure activity for April, including default notices, scheduled auctions and bank repossessions, was down 5% from March, according to Realty Trac.

Much of the improvement, however, can be attributed to declines in only a handful of states, especially those that had been hardest hit by the housing crisis and which did not require judicial review of foreclosures.