WASHINGTON – The number of U.S. households on the verge oflosing their homes rose 7 percent from June to July, as the escalating foreclosure crisis continued to outpace government efforts to limit the damage.

Foreclosure filings were up 32 percent from the same month last year,RealtyTrac Inc. said Thursday. More than 360,000 households, or one in every 355 homes, received a foreclosure-related notice, such as anotice of default or trustee's sale. That's the highest monthly level since the foreclosure-listing firm be Read More