RealtyTrac: Foreclosure filings set a new record

Kicking the can down the road by instituting temporary foreclosure moratoriums helped suppress filings for a while. But those industry-led and government-mandated foreclosure “pauses” are behind us, and filings are rising once again. According to RealtyTrac, foreclosure activity rose 0.3% month-over-month to a new record high of 342,038 in April. That was also up 32% from April 2008, as shown in the chart above.