July 13, 2024
Home foreclosures
Home foreclosures

RealtyTrac Inc. reported last week that lenders repossessed 92,858 properties last month, up 9 percent from June and an increase of 6 percent from July 2009.

July marks the eighth month in a row that the pace of homes lost to foreclosure has increased on an annual basis.

RealtyTrac estimates more than 1 million American households are likely to lose their homes to foreclosure this year.

Nevada posted the highest foreclosure rate in July, with one in every 82 households receiving a foreclosure notice. The number of properties in Nevada receiving a foreclosure warning last month rose nearly 7 percent from June, but fell nearly 30 percent from the same month last year.

Rounding out the top 10 states with the highest foreclosure rate last month were: Arizona, Florida, California, Idaho, Michigan, Utah, Illinois, Georgia and Maryland.

Los Angeles real estate lawyers

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