Mortgage Help

There were 243,947 foreclosures in August according to the latest RealtyTrac survey, up 36% from July and 115% from last year.  This is the highest number of foreclosures in a single month since RealtyTrac began the survey.

Nevada, California, and Florida had the top foreclosure rates.  Nevada had 1 foreclosure for every 165 households, California had 1 for every 224 households, and Florida had 1 for every 243 households.  The national average was 1 foreclosure for every 510 households.

The RealtyTrac release can be found here