Foreclosures down slightly in August, but remain high

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With increases in unemployment and mounting credit card debt, it seems that many Americans are still unable to stop foreclosure on their homes as new figures show that August foreclosure rates remained near record highs.

The August 2009 U.S. Foreclosure Market Report from RealtyTrac finds that foreclosure filings fell less than 1 percent last month to 358,471 properties.

While the filings - which includes default notices, scheduled auctions and bank repossessions - took a dip for the month, foreclosures are still up more than 17 percent over the same time last year, with RealtyTrac noting that one out of every 357 properties received a foreclosure filing last month.

Although they say their rates drop slightly in the last month, Arizona, California, Florida and Nevada continue to lead the nation in foreclosures, although Arizona's drop allowed it to fall from third on last month's list to fourth in August.

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Foreclosures down slightly in August, but remain high



The number of foreclosures fell slightly in August