Idaho home foreclosures rise again in April

Idaho’s April foreclosure rate jumped 15 percent from the previous month and was 79 percent ahead of a year ago, a report issued Wednesday said.RealtyTrac Inc., an Irvine, Calif. company that tracks foreclosures nationwide, said there were 396 initial notices of default issued last month, 319 notices of trustee sales and 44 lender repossessions. The total of 759 properties represented one in every 811 Idaho homes. That meant Idaho was 18th in the nation in the percentage of homes in foreclosure. Idaho ranked 21st in March.

Nationally, RealtyTrac found 243,353 properties in foreclosure in April, a 4 percent increase over the previous month.

The RealtyTrac report comes two days after IdahoDataProviders issued its monthly report showing 1,498 new notices of default — the first step in the foreclosure process — in the Treasure Valley during the first quarter of 2008.