More than 45,000 homes were reclaimed by banks in April, up 50 per cent from a year ago. Photo: Reuters

US bank home repossessions drive foreclosures to 18-month high

A surge in bank repossessions drive foreclosure activity to an 18-month high

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More than 45,000 homes were reclaimed by banks in April, up 50 per cent from a year ago. Photo: Reuters
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