Foreclosure filings in July dropped 9.7% from the same month last year, the second straight month of yearly declines, according to RealtyTrac.
After a 1% yearly increase in May, filings declined 6.9% on an annual basis in June and dropped nearly 10% in July.
Nevada holds the highest foreclosure rate of any other state for 43rd consecutive month. There, one in 82 houses received a filing in July, and 13,727 total properties received a filing. That is a 7% increase from June, but a 30% decrease from last year. July marks the 10th straight month of yearly decreases for Nevada.
Arizona held the second highest foreclosure rate. There, one in every 167 houses received a foreclosure filing, even though filings dropped year-over-year for the sixth straight month.
Florida was third, where one in 171 houses received a filing and California registered the fourth highest, where one in 200 houses received a filing.
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