New Foreclosure Trend Report Indicates 20% Rise since Last Quarter and More than 50% Jump Compared to March 2006.

The latest foreclosure listing data compiled by Bargain Network (bargain.com), a leading online provider of real estate foreclosures, pre-foreclosures and for-sale-by-owner property listings and information, shows approximately 140,711 properties entering various states of the foreclosure process in April 2007.  Compared to last month’s foreclosure listing count of 158,013, April foreclosure filings represent a 10 percent reduction over March filings.  Despite the slight decline in the total number of foreclosures recorded, April represents the second highest foreclosure listing activity month year to date. On Average, the total number of households entering some phase of the foreclosure process in April was nearly 32 percent higher than the previous six months (November 2006- March, 2007).  See more of April’s Foreclosure Report…..