Despite the positive news on November foreclosures, RealtyTrac sees an increase in foreclosures in the months ahead.

“There are several indications that this lower activity is simply a temporary lull before another foreclosure storm hits in the coming months,?EUR??,,????'?? said James J. Saccacio, chief executive officer of RealtyTrac. ?EUR??,,????'??Delinquencies on loans not yet in the foreclosure process jumped to nearly seven percent in the third quarter, a record high, according to the Mortgage Bankers Association. And more than half of the homeowners who received loan modifications to reduce monthly mortgage payments in the first half of 2008 are already delinquent on their loans again, according to the U.S. Office of Thrift Supervision. Many of these delinquencies could turn into foreclosures next year.”

Saccacio said November?EUR??,,????'???s reduction in foreclosures has been attributed to recently enacted laws that have extended the foreclosure process in some states and aggressive loan modification programs and self-imposed holiday foreclosure moratoriums introduced by some lenders

Nevada foreclosure activity in November decreased nearly four percent from the previous month, but the state maintained the nation’s No. 1 foreclosure rate, with one in every 76 housing units receiving a foreclosure filing during the month ?EUR??,,????'??+ more than six times the national average. Foreclosure filings were reported on 13,962 Nevada properties, up 109 percent from November 2007.

Florida foreclosure activity in November was also down from the previous month, but the state’s foreclosure rate moved up to the No. 2 spot thanks to an even bigger monthly decrease in Arizona. One in every 173 Florida housing units received a foreclosure filing during the month, nearly three times the national average.

With one in every 198 housing units receiving a foreclosure filing, Arizona posted the nation’s third highest foreclosure rate in November despite a nearly 25 percent decrease in foreclosure activity from the previous month. Foreclosure filings were reported on 13,136 Arizona properties during the month, up nearly 128 percent from November 2008.

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