“The big increase in new foreclosure actions may be a signal that lenders are starting to push through some of the foreclosures delayed by robo signing and other documentation problems.  It also foreshadows more bank repossessions in the coming months as these new foreclosures make their way through the process.”-James Saccacio, CEO RealtyTrac

The latest RealtyTrac survey put Idaho in the top ten for foreclosures.  One in every 348 Idaho homes were in foreclosure in August 2011. The report also says one in every 570 homes in the United States was facing foreclosure in August 2011.

The three most populous counties in eastern Idaho broke down like this; Bannock: 238 foreclosures.  Bingham: 132 foreclosures.  Bonneville: 320 foreclosures.

Nevada still holds onto the number one position for home foreclosures, for the 56th straight month!

California is number two with a 55% default rate, and one out of every 226 homes being foreclosed in August!

Arizona was number three for the second month in a row.

The rest of the top ten list is made up of Georgia, Idaho, Michigan, Florida, Illinois, Colorado and Utah.