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Foreclosures Plateau But Repossessions Soar

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STEALTH INVENTORY CONTINUES TO BUILD
"The foreclosure plague may have finally reached its peak in April 2010 -- but don't expect delinquency statistics to plummet anytime soon," CNNMoney.com reports. "The total number of foreclosure filings -- notices of default, auction notices and bank repossessions -- fell by 9% from March to April, and 2% compared with April 2009, according to data released Thursday by RealtyTrac, the online marketer of foreclosed properties."
SOURCE:   CNN

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