Home foreclosures were on the rise again last month in Idaho.
Idaho’s April foreclosure rate jumped 15 percent from the previous month and was 79 percent ahead of a year ago.
A California 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, ranking Idaho 18th in the nation in the percentage of homes in foreclosure - Idaho ranked 21st in March.
Nationally, 243,353 properties were in foreclosure in April, a 4 percent increase over the previous month.
The report comes two days after an Idaho 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.