Going by the latest statistics from the online foreclosure concern RealtyTrac, year-on-year home foreclosure activity for the month of July soared to 32 percent, rising 7 percent from the June numbers.

According to RealtyTrac data, the fact that over 360,000 US households with loans drawing a foreclosure filing - including auction, default notices, and bank repossession - in July, implies that nearly one in every 355 households faced foreclosure activity during the month.

Commenting on the recent foreclosure figures, James J. Saccacio - the CEO of the Irvine, California-based RealtyTrac - said: "July marks the third time in the last five months where we've seen a new record set for foreclosure activity. Despite continued efforts by the federal government and state governments to patch together a safety net for distressed homeowners, we're seeing significant growth in both the initial notices of default and in the bank repossessions."

With one in every 56 Nevada housing units drawing a foreclosure filing in July, the state topped the country's foreclosure rate list for the 31st month in a row! In the second slot - for the third consecutive month - was California, with one in every 123 housing units drawing foreclosure activity; followed by Arizona, with one in every 135.

Four states - California, Florida, Arizona, and Nevada - together accounted for nearly 57 percent of the total foreclosure activity in July!