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IRVINE, Calif., May 12 (UPI) -- Foreclosure state in the United States fell for the seventh serial month in April, but the amount is misleading, a mart investigate concern said.

Online foreclosure marketplace RealtyTrac said foreclosure activity, including choice notices, scheduled auctions and slope repossessions, dropped to a 40-month low on an period foundation in April. Foreclosures were 9 proportionality from March and 34 proportionality from April 2010.

In April, one out of every 593 U.S. structure units was involved in foreclosure activity.

RealtyTrac Chief Executive Officer James Saccacio said the delay in foreclosures "Continues to be largely the termination of massive delays in processing foreclosures kinda than the termination of a structure feat that is lifting grouping out of foreclosure."

Saccacio said most 3.7 meg properties "are in [a] earnestly delinquent stage," but that nationwide, foreclosures rank in the prototypal quarter of the assemblage took an average of 400 life from the prototypal choice notice. In the prototypal quarter of 2010, rank foreclosures took 340 life from the date of the example choice notice.

Before the financial crisis hit in 2007, first-quarter foreclosures took an average of 151 life to complete, the concern said.