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Housing Is Still Very Ugly

The number of houses in foreclosure fell in April, RealtyTrac said today.

But that figure includes houses that are in the early stages of the foreclosure process, when owners might still start making payments again.

The number of houses in the last stage of the process — repossession — is worse than ever. Lenders repossessed more than 92,000 houses last month, the highest of any month during the crisis, RealtyTrac said.

Here's a month-by-month look at repossessions over the past few years:

repossessed houses
Source: RealtyTrac