There were more than 272,000 foreclosures during July, up 55% from the same month in 2007, according to RealtyTrac. One in every 464 U.S. households received a foreclosure notice during the month.
Nevada continued to document the nation’s highest state foreclosure rate in July, with one in every 106 households receiving a foreclosure filing during the month. Foreclosure activity in Nevada was up 97% from July, 2007. One in every 182 California homes were foreclosed on in July, and 1 in every 186 Florida properties were served.