The third quarter of this year featured a 23% higher rate of foreclosure according to a current report while at the same time last year, the number of foreclosures peaked at record levels. In fact, last year during the second quarter the numbers were even higher locally. The RealyTrac report featured that foreclosure filings including default notices, bank repossessions and scheduled auctions were with 937,840 properties nationwide during the third quarter.

This was a 5% increment since the last quarter and from the last year’s third quarter, this was almost a 23% hike. This indicates that at least one out of every 136 houses in the U.S., got filings for foreclosures within this quarter. This is reported to be the highest among the quarterly foreclosures since 2005s first quarter.

In Lake County within the same time span there were at least one out of every 53 houses that faced a foreclosure notice. This led it to the position of No. 19 in terms of foreclosures among the 58 counties. During the third quarter of this year there were at least 666 properties in the Lake County that went through the process of foreclosure filings.

This was a 20% fall in the foreclosure filings during the second quarter, which had 835 foreclosure filings according to RealtyTrac. The report, the results of third quarter in Lake County seemed to be better than the results of the second quarter. There was a 41% increase compared to last year’s third quarter, which had 470 foreclosure filings.

Nationwide filings, according to RealtyTrac were 343,638 properties within September. There was a 4% fall since last month’s record and from last year’s September there was a 29% increment. The number of foreclosure filings for the month of September that still constituted the third highest total on a monthly basis.

The highest foreclosures occurred in Nevada during the third quarter. In Nevada, within 47,925 properties at least 23 houses received filings for foreclosures. Approximately 250,054 properties were filed in California for foreclosures. This made California accountable for at least 27% of the total foreclosures.

According to the report, the foreclosures in California went through a drastic fall by almost 2% from the last quarter as there was a 10% fall in the number of default notices. The foreclosures that are scheduled hiked by 4% from the last quarter and the number of bank repossessed properties rose by 12%.