Record number of home foreclosures in July

August 13, 2009 12:21:02 PM PDT
A new report says a record number of homes received foreclosure notices in July.

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The report, by real estate website Realty Trac, says there has been a rise in initial notices of default banks and bank repossessions.

California is among the four states with the most foreclosure activity. Nevada topped the list.

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