RealtyTrac, an online marketplace for foreclosure properties, recently released its U.S. Foreclosure Market Report for May 2011. It shows foreclosure filings -- default notices, scheduled auctions and bank repossessions -- were reported on 214,927 U.S. properties in May. That's a 2 percent decrease from April and a 33 percent decrease from May 2010. The report also shows that one in every 605 U.S. housing units received a foreclosure filing during the month of May.
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