RealtyTrac has released its July 2008 U.S. Foreclosure Market Report, which shows foreclosure filings ?EUR??,,????'??+ default notices, auction sale notices and bank repossessions ?EUR??,,????'??+ were reported on 272,171 U.S. properties during July. The report also shows one in every 464 U.S. households received a foreclosure filing during the month.

?EUR??,,????'??Bank repossessions, or REOs, continued to be the fastest growing segment of foreclosure activity in July, posting a 184 percent year-over-year increase ?EUR??,,????'??+ compared to a 53 percent year-over-year increase in default notices and an 11 percent year-over-year increase in auction notices,?EUR??,,????'?? said James J. Saccacio, chief executive officer of RealtyTrac. ?EUR??,,????'??The sharp rise in REOs, combined with slow sales, has resulted in a bloated inventory of bank-owned properties for sale.?EUR??,,????'??

Nevada continued to document the nation?EUR??,,????'???s highest state foreclosure rate in July, with one in every 106 households receiving a foreclosure filing during the month. Foreclosure activity in Nevada was up 15 percent from the previous month and 97 percent from July 2007, pushing the total number of properties with foreclosure filings to over 10,000. Bank repossessions in Nevada were up 384 percent on a year-over-year basis, while default notices were up 59 percent and auction notices were up 31 percent.

One in every 182 California properties received a foreclosure filing in July, the nation?EUR??,,????'???s second highest state foreclosure rate, while one in every 186 Florida properties received a foreclosure filing, the nation?EUR??,,????'???s third highest state foreclosure rate.

Despite increasing foreclosure activity, Arizona?EUR??,,????'???s foreclosure rate dropped from the nation?EUR??,,????'???s third highest in June to fourth highest in July. Foreclosure filings were reported on 13,350 Arizona properties during the month, a three percent increase from the previous month and a 127 percent increase from July 2007. One in every 195 Arizona properties received a foreclosure filing, a rate that was more than twice the national average.

Other states with foreclosure rates ranking among the top 10 were Ohio, Georgia, Michigan, Colorado, Utah and Virginia.