In total the state had 833 new Notices of Default, 990 new Notices of Trustee Sales, and 800 New Utah REO Homes. This represents some sort of foreclosure notice from 1 in every 360 properties. The national average is one foreclosure filing for every 400 homes.
The good news is that the rate of total foreclosures was actually down from April by 38.5%, and was down 10.3% compared with May of 2009.
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