Treasure Valley foreclosures continue to rise 

For the first time ever, monthly Treasure Valley foreclosures passed the 800 mark in July.

Ada County saw 534 notices of default last month, while Canyon County saw 285.

Canyon County foreclosures have stayed consistent since April, hovering between 280 and 310.

Ada County foreclosures, however, have risen 26 percent in that same time period.

The numbers come from IdahoDataProviders.com, and the foreclosure tracker’s president said he doesn’t see any signs of relief.

“This trend is likely to continue throughout the year and well into 2010,” Charlie Nate said in a release, adding that factors like rising unemployment, tighter credit, mortgage resets and declining home values contribute to the foreclosure spree. “We may not even be at the middle of this thing yet.”

The number of short sales in the valley has consistently risen since Nate began tracking them in May 2008, rising from about 650 on the market that month to 2,685 in July of this year.

The increase between June and July, however, was the smallest month-over-month increase since he started keeping track, rising just 1.5 percent.

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