As more of those risky, but alluring teaser-rate, adjustable mortgages reset, homeowners are in a squeeze, unable to make their mortgage payments.

There was a 93 percent increase from a year ago in Notice of Defaults, scheduled auctions or bank repos.

California, Florida, Michigan, Ohio and Georgia made up more than half of the country's total filings.

California foreclosure filings are triple the previous year totaling 39,013.

Six California metropolitan areas reported foreclosure rates among the nation's top ten in July including Stockton, Merced, Modesto, Vallejo-Fairfield, Riverside-San Bernarndino and Sacramento.

Floridat foreclosure filings came in second with 19,179, a 78 percent increase. Michigan took third place with 13,979 filings. Nevada has the coveted title of having the worst foreclosure filing record of three times the national average, with one foreclosure for every 199 homes. George came in second place with one filing for every 299 homes.

An estimated 2 million foreclosure filings are predicted in 2007. 43 states had year-over year increases in foreclosure activity.