A total of 243,947 foreclosure filings, which includes default notices, auction sale notices and bank repossessions, were reported in August, up 36 percent from the previous month and 115 percent more than August 2006, according to RealtyTrac’s August 2007 U.S. Foreclosure Market Report.

In Iowa, there were 817 foreclosure filings, up nearly 32 percent from last month, or one foreclosure for every 1,600 homes. Those numbers ranked the state 32nd in total foreclosure listings. Nevada continued to register the nation’s highest foreclosure rate, with one foreclosure filing for every 165 households, more than three times the national average.

The numbers reflect the highest number of foreclosure filings in a single month since RealtyTrac began issuing its monthly report in January 2005.

“The jump in foreclosure filings this month might be the beginning of the next wave of increased foreclosure activity, as a large number of subprime adjustable rate loans are beginning to reset now,” said James Saccacio, CEO of RealtyTrac, in a press release. “Another significant factor in the increased level of foreclosure activity is that the number of REO filings (bank repossessions) is increasing dramatically, which means that a greater percentage of homes entering foreclosure are going back to the banks.”