RealtyTrac (aff.)today announced in their monthly foreclosure report that 112,210 properties were entering some stage of foreclosure in September. According to the ForeclosurePulse Blog, that number represents “a decrease of less than 1 percent from August but an increase of more than 63 percent from September 2005.

September’s foreclosure rate of one new foreclosure filing for every 1,030 households was the third highest monthly foreclosure rate year to date, behind only the foreclosure rates reported in August and February.”

According to James J. Saccacio, CEO of RealtyTrac. “Foreclosure filings are up 39 percent year to date and have already have surpassed the total number reported in all of 2005. If they continue at the current pace, foreclosures will exceed the 1.2 million mark by the end of the year.”

Thanks to Octavio at RealtyTrac for letting us know about the new report!

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Tags: foreclosure, Foreclosures, James, realtytrac, report, Saccacio

CNN is reporting that foreclosures spiked in the month of August. ” In August, 115,292 properties entered into foreclosure, according to RealtyTrac, an online marketplace for foreclosure sales. That was 24 percent above the level in July and 53 percent higher than a year earlier.”

Florida led all states with 16,533 properties in some stage of foreclosure, 50% higher then July’s number. In California, that number reached 12,506, a 160% increase over last year.

According to the Nashville Business Journal , Tennessee had 2,377 foreclosures in August, a 60% increase from last year (1 in 1,032 homes).

The Cincinnati Business Courier listed Ohio with 7,468 properties (1 in 640 households), a 36.1% increase from July.

For the fifth straight month, Colorado led all states with 1 foreclosure for every 301 homes.

Nationally, August saw a 24% increase in foreclosures from July and a 53% increase from last year. The list named Greely, Colorado; Baton Rouge, Louisiana; Fort Lauderdale, Florida; Miami and Denver as the top five metro areas in terms of foreclosures.

Amazingly, Vermont with only 2 foreclosures in the entire state, leads the country with the least number of foreclosures.

Tags: batonrouge, colorado, default, foreclosure, Foreclosures, greeley, housing, James, properties, realtytrac, Saccacio, vermont