IRVINE, Calif., May 12 (UPI) -- Foreclosure activity in the United States fell for the seventh consecutive month in April, but the figure is misleading, a market research firm said.
Online foreclosure marketplace RealtyTrac said foreclosure activity, including default notices, scheduled auctions and bank repossessions, dropped to a 40-month low on an annual basis in April. Foreclosures were 9 percent from March and 34 percent from April 2010.