A new report says foreclosures are declining nationally, particularly in the West.
According to RealtyTrac, a California-based foreclosure listing service, foreclosure filings nationwide in April hit their lowest monthly total since July 2007, and foreclosure activity declined sharply in several Western states.
Foreclosure activity nationwide was down 14 percent in April from April of 2011, with one in every 698 U.S. residences having a foreclosure filing during the month.
Washington state’s foreclosure filings fell 54.2 percent in April compared with the previous April, according to RealtyTrac. The state had 1,172 foreclosure filings in April, or one in every 1,249 homes.