Foreclosures down for 7th straight month

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By Les Christie May 12, 2011: 5:27 AM ET

NEW YORK (CNNMoney) — The number of foreclosure filings issued in April plunged 34% from a year ago — the seventh straight month of declines.

And there were just 69,532 homes repossessed last month, a 32% fall from the peak last September just before the eruption of the “robo-signing” scandal, in which banks were found to be mishandling the foreclosure process.