Auctioneer Eddie Burks, of Williams and Williams Worldwide Real Estate Auctions, right, calls out bids during a foreclosure auction for three different properties, Thursday, April 14, 2011, in Las ... more 
Auctioneer Eddie Burks, of Williams and Williams Worldwide Real Estate Auctions, right, calls out bids during a foreclosure auction for three different properties, Thursday, April 14, 2011, in Las Vegas.Lender processing delays reduced the number of U.S. homes taken back by banks in the first three months of the year and contributed to a sharp drop in properties entering the foreclosure process. At a state level, Nevada registered the highest foreclosure rate in the nation, with one in every 35 households receiving a foreclosure notice in the first quarter. less 
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Associated Press | Photo By Julie Jacobson
Thu, Apr 14, 2011 8:25 PM EDT