The number of homes facing foreclosure for July 2012 was up in comparison to July 2011, according to Realty Trac, Inc, a data firm that calculates foreclosure listings. This calls for the third month in a row where foreclosure proceedings have began in higher numbers than last year. While some areas are certainly faring better than others, the Kansas City movers are concerned that the hardest times are not fully behind us.Fortunately, numbers today are still better than in 2009, when foreclosures were at their highest monthly average.

We will keep you posted as we follow trends in our local market as well as throughout the US. While filings are up, banks actually took back 21 percent fewer homes in July 2012 in comparison to July 2011. Repossessions have been decreasing month by month for almost two years. Also, it seems the houses falling susceptible to foreclosure now are mortgages dating back to the housing bubble, not necessarily new homeowners or recent buyers.