Foreclosure activity dipped 1 percent in April after hitting a two-year high in March, but foreclosure filings were still up 62 percent from April 2006, according to the RealtyTrac U.S. Foreclosure Market Report released today.

A total of 147,708 foreclosure filings, which include default notices, auction sale notices and bank repossessions, were reported during the month, a foreclosure rate of one foreclosure filing for every 783 U.S. households.

Nevada documented the highest state foreclosure rate for the fourth month in a row, with one foreclosure filing for every 232 households — more than three times the national average. Colorado came in second with one foreclosure filing for every 314 households.

California reported 30,505 foreclosure filings during the month, the most of any state and up more than 200 percent from April 2006. California's foreclosure rate of one foreclosure filing for every 400 households was the fourth highest state foreclosure rate, and six of the 10 cities with the highest metro foreclosure rates were located in California.

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