Despite recent good news about increasing home sales and moderating price drops, there is still no relief in sight when it comes to foreclosures. RealtyTrac will report Thursday that a record 360,149 homeowners received a foreclosure filing in July, up 7 percent from the previous month and up 32 percent from a year ago , ABC News reports.
Meanwhile, the number of home foreclosures is still rising, despite other signs the economy is starting to improve.
Foreclosure filings were up 7 percent from June to July and 32 percent from the same month last year, RealtyTrac Inc. said today, according to the Associated Press.
Georgia was No. 7 in foreclosure notices, RealtyTrac said.
Nevada had the nation’s highest foreclosure rate for the 31st-straight month. It was followed by California, Arizona, Florida, Utah, Idaho and Georgia , Atlanta Journal Constitution reports.
With unemployment climbing, the number of city homes in some stage of the foreclosure process hit 2,517 in July, a nearly 15% jump compared with both the previous month and July 2008, according to stats released today by foreclosure listing firm RealtyTrac , New York Daily News reports.