The number of foreclosures nationwide increased by 32 percent compared to the same time last year and by 1 percent in April compared to the previous month, RealtyTrac said Wednesday.
The online company reported 342,038 foreclosures, which includes default notices, auction-sale notices and bank repossessions.
RealtyTrac officials said the report shows one in every 374 U.S. housing units received a foreclosure filing in April, the highest monthly rate since the company started tracking them in January 2005.
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