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RealtyTrac(R) April U.S. Foreclosure Market Report Shows Highest Foreclosure Rates in Sunbelt.

Publication: PR Newswire
Publication Date: 26-MAY-05 		Format: Online - approximately 1176 words
Delivery: Immediate Online Access

Article Excerpt
Texas and Florida Account for One-Third of All National Foreclosures. Arizona Foreclosure Rate Spikes to Among Five Highest Nationwide

IRVINE, Calif., May 26 /PRNewswire/ -- RealtyTrac(R) (http://www.realtytrac.com/), the leading online marketplace for foreclosure properties, today released its April 2005 Monthly U.S. Foreclosure Market Report(R). RealtyTrac publishes the largest national database of pre-foreclosure and foreclosure properties, with more than 550,000 properties in more than 1,900 counties across the country, and is the foreclosure data provider to MSN House & Home, Yahoo! Real Estate, AOL Real Estate and HomeGain.com.

(Photo: http://www.newscom.com/cgi-bin/prnh/20050526/LATH028)

The number of new properties in foreclosure increased nationwide for the second month in a row, with 64,057 in April compared to 62,422 in March. This 2.6 percent increase was markedly lower than the increase in March, possibly indicating a one month temporary spike in the foreclosure market rather than the beginning of a trend.

"April continues a trend we've seen over the last few months where Texas and...

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