RealtyTrac reports a 7% growth in foreclosure related filings from June to July. July's figures represent a 32% increase from a year ago (July 2008); this monthly figure is the third record in 5 months. A total of 360,149 foreclosure-related filings were tallied by RealtyTrac in July.

"Despite continued efforts by the federal government and state governments to patch together a safety net for distressed homeowners, we're seeing significant growth in both the initial notices of default and in the bank repossessions" RealtyTrac Chief Executive Officer stated in his official press release. Top ten foreclosure states are: Nevada, California (one in 123 homes subject to foreclosure filings), Arizona, Florida, Utah, Idaho, Georgia, Illinois, Colorado and Oregon.

Watch for this trend to continue over the short term due to broader economic factors, i.e., unemployment, negative equity and overall economic conditions in certain States and markets.