by Calculated Risk on 8/21/2007 10:11:00 AM

From Bloomberg: Home Foreclosures Almost Double in July as Rates Rise

U.S. homes facing foreclosure almost doubled in July as property owners with adjustable-rate mortgages saw their payments rise, RealtyTrac Inc. said.

Lenders sent 179,599 notices of default, scheduled auctions or bank repossessions last month, a 93 percent increase from a year earlier ... California, Florida, Michigan, Ohio and Georgia accounted for more than half of the country's total filings.
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California foreclosure filings totaled 39,013 in July, about triple the previous year. ... Florida ranked second with a 78 percent increase to 19,179 foreclosure filings. Michigan replaced Ohio as the state with the third highest number foreclosures: 13,979.

Nevada ranked the worst with one foreclosure filing for every 199 homes, about three times the national average.