After several months of what looked like a downward trend in home foreclosures, October had a 7% increase from the month before.

The reason for what looked like a downward trend was because the big banks and mortgage companies had been holding back, mainly due to red tape and just too many cases to go after: “The October foreclosure numbers continue to show strong signs that foreclosure activity is coming out of the rain delay we’ve been in for the past year as lenders corrected foreclosure paperwork and processing problems.”-James Saccacio, RealtyTrac

Nevada is still the number one state for foreclosures, although Las Vegas dropped to 5th place for cities.  Stockton, California, is now the number city in the U.S. for foreclosures.

Nevada, California, Arizona, Florida and Michigan are the top five losing states, making up 53% of the country’s home foreclosures.

The next five most losing states are Georgia, Illinois, Idaho, Oregon and Colorado.