Greetings neighbors,

In their recently released midyear market report for 2010, RealtyTrac reported a total of 1,961,894 foreclosure filings, default notices, auction sale notices, and bank repossessions on 1,654,634 properties here in the U.S during the first six months of this year.

These numbers have shown a 5% decrease from the previous six months however an 8% increase was reported in total properties when compared to the first six months of last year. In addition, RealtyTrac reported that 1.28% of all housing units in the country received one foreclosure filing during the first half of this year.

In addition, last month produced a total of 313,841 foreclosure filings on U.S. properties which was a 3% decrease when compared to the previous month and almost a 7% decrease from June 2009.

As for the second quarter, there was a total of 895,521 foreclosure filings reported on U.S. properties. This number was a 4% decrease from the first quarter and less than a 1% increase from last year's second quarter.

Also during the first quarter, default and auction notices were down on a month- over-month and year-over-year basis. However, REO's showed a 5% increase in comparison to the previous quarter and a 38% increase to 269,962 from last year's second quarter.

The report also showed that Nevada, Arizona, and Florida had the top state foreclosure rates. In addition California, Florida, and Arizona held the top place for highest foreclosure totals.