Foreclosure starts, which are the initial phase of the process, rose 6% for the month and were 20% higher than the year before. Completed foreclosures, the final phase, were up 32% year over year.

April saw a surge in home foreclosures, with thousands of properties repossessed nationwide. Last month saw an 8% increase in repossessions from the previous month, totaling over 2,900, despite a year ...

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