Foreclosure Filings Ebb in U.S., But Utah Rate Remains Among Top

The foreclosure crisis in many parts of the country is finally showing signs of subsiding, but Utah remains among states where the problem continues to grow.

The number of U.S. households facing foreclosure in April fell 2 percent from a year ago, the first annual decline in five years, RealtyTrac Inc. said. In Utah, however, the number of households jumped nearly 44 percent over the same time period.

According to the report, Utah is ranked fifth among all states in foreclosure filings, behind only Nevada, Arizona, Florida and California.

RealtyTrac tracks foreclosure-related filings ranging from delinquencies, when a borrower falls behind on their mortgage, to the point when a bank reclaims possession of a property. Although the number of new delinquencies nationally is dropping nationwide, the number of borrowers losing their homes is still rising. Banks seized a record 92,000 homes last month.

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