According to USAtoday.com, foreclosure starts are up 6% from June. Also, foreclosure filings, which include default notices, auctions and bank repossessions, increased 2% in July. Overall, foreclosure activity in July affected almost 131,000 homes. This is 54% above the average before the 2006 housing bust.
Lastly, foreclosure starts increased in 15 states from over a year ago.
If you home is underwater and you are struggling to make mortgage payments, contact a debt settlement attorney who can counsel you on the best option to avoid foreclosure.