California-based RealtyTrac reported that more than 77,000 properties in USA has been repossessed by lenders in July.
California is among states with the highest foreclosure rates.
Nationwide at least 272,000 households received more than one foreclosure notice in July.
Mortgage loans crisis has expanded more that subprime market when started just one year ago.
The CBO evaluates that 35 percent of people that enter the home refinancing program will default.