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Wednesday, April 24, 2013
Foreclosures are dropping nationwide
Foreclosure filings -- including notices of default, scheduled auctions and bank repossessions -- during the first quarter fell 23% from a year earlier, the lowest level since the second quarter of 2007. Last month, banks repossessed just under 44,000 homes. In September 2010, repossessions topped 100,000 a month.
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