(Reuters) - "Last year, foreclosure activity subsided somewhat during the spring and summer months, thanks in part to increased interest from buyers," James Saccacio, chief executive officer of RealtyTrac, said in a statement.
"Whether the decrease in April is the beginning of a similar trend this year remains to be seen, but we expect foreclosure activity to at least stay above last year's levels for the remainder of 2007, fueled by a combustible mix of risky loans taken out in the last few years --many in the subprime market -- and slowing home price appreciation," Saccacio said.
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