RI foreclosures up from July to August

PROVIDENCE, R.I. – Foreclosures in Rhode Island rose nearly seven percent from July to August. But they were down 54 percent from a year ago.

The numbers come from Realty Trac, a California-based marketplace for distressed properties.

Rhode Island now ranks 37th in foreclosures. The states with the highest numbers are California, Florida, Michigan, Illinois and Arizona.