US foreclosure filings climbed 65% and bank seizures more than doubled in April from a year earlier as mortgage industry efforts to modify loans fell short, reports Bloomberg.

More than 243,300 properties were in some stage of foreclosure, the highest monthly total since RealtyTrac Inc., a seller of default data, began in January 2005. One in every 519 households received a filing and Nevada, California and Florida had the highest rates. Filings rose 4 percent from March.

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More on this topic (What's this?)

Bank of America Foreclosure Shenanigans? (naked capitalism, 11/17/09)

Zandi on Housing: "I think we are going see to another leg down" (Wealth Daily, 11/20/09)

Wow, judges now nixing lenders’ foreclosure claims entirely in court (naked capitalism, 10/25/09)

Read more on Foreclosure, U.S. Housing Market at Wikinvest

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