U.S. Foreclosures Rise Sharply in July, Led In Part By Ohio

LOS ANGELES (AP) - A research firm says Ohio helped to lead a sharp rise in foreclosures last month.

California-based RealtyTrac says nationwide, foreclosure filings went up 9 percent from June to July and surged 93 percent over the same period last year.

The firm says California, Florida, and Ohio were among the top states for foreclosure activity last month.

The report is the latest sign of an ailing housing market, which has seen defaults and foreclosures soar as financially strapped borrowers have failed to make payments or find buyers.