Nevada had the highest state foreclosure rate for the 31st straight month, with one in every 56 properties getting a filing, or more than six times the national average.

SHOOT: If foreclosures are still breaking records, how can anyone even countenance the word 'recovery'?

clipped from news.yahoo.com Foreclosure activity jumped 7 percent in July from June and 32 percent from a year earlier as one in every 355 households with a loan got a foreclosure filing, RealtyTrac said on Thursday. Filings -- including notices of default, auction and bank repossession -- have escalated with unemployment. "July marks the third time in the last five months where we've seen a new record set for foreclosure activity," James J. Saccacio, RealtyTrac's chief executive, said in a statement. The unemployment rate is 9.4 percent and President Barack Obama has said he expects it will hit 10 percent. States where sales and prices surged most in the five-year housing boom early this decade remain hardest hit. California, Florida, Arizona, Nevada accounted for almost 57 percent of total U.S. foreclosure activity in July.