The Stories:
April foreclosures rise 65 percent on year:
Wed May 14, 2008 3:28pm EDT (Reuters) “The total number of U.S. properties with foreclosure activity in April was the highest monthly total we’ve seen since we began issuing the report in January 2005,” James J. Saccacio, chief executive officer of RealtyTrac, said in a statement.
In March, home foreclosure filings had risen 5 percent from February.
The surge in foreclosures indicates an increasing number of homeowners are struggling to make mortgage payments amid the worst U.S. housing market downturn since the Great Depression.
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Mike Harmon