July Shows an Increase of Foreclosures
There was a new record set on the foreclosure front, and it not a good one. The number of filings went up in the month of July. “July marks the third time in the last five months where we’ve seen a new record set for foreclosure activity,” said James J. Saccacio, chief executive officer of RealtyTrac.
The worst hit areas are still the “Sand States” with California, Nevada, and Arizona being among some of the hardest hit.

