Although such sales increased quarter to quarter in 21 states, hinting at a bottleneck of unsold inventory, the overall trend suggests stabilization, RealtyTrac experts said.
California has the second-highest percentage of foreclosure sales in the country, with 47% of home sales falling into the category. Nevada is the highest with 56%; Georgia is third with 46%.
In March, the number of homes struggling through foreclosure held steady from February and fell from the year-earlier period, Santa Ana research firm CoreLogic said earlier this month.
By Tiffany Hsu