RealtyTrac indicates foreclosures in July were down 4% from previous month

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RealtyTrac indicates foreclosures in July were down 4% from previous month

Last Friday, RealtyTrac released its U.S. Foreclosure Market Report for July 2011, which shows foreclosure filings — default notices, scheduled auctions and bank repossessions — were reported on 212,764 U.S. properties in July, a 4 percent decrease from June and a 35 percent decrease from July 2010. The report also shows one in every 611 U.S. housing units with a foreclosure filing during the month of July.

Nevada posted the nation’s highest state foreclosure rate for the 55th straight month in July, with one in every 115 housing units receiving a foreclosure filing during the month. A total of 9,930 Nevada properties had a foreclosure filing in July, a 1 percent decrease from the previous month and a 28 percent decrease from July 2010.

California and Arizona came in second and third, respectively. Other states with foreclosure rates ranking among the top 10 were Georgia, Utah, Florida, Michigan, Idaho, Illinois and Wisconsin.

For more information: www.realtytrac.com/content/press-releases/july-2011-realtytrac-us-forecl... [1]