Foreclosure rates are still rising and some economist are predicting two more waves of foreclosures to come over the next few years. Foreclosures were up another 8% in July from June and up 55% from July '07. RealtyTrac is showing more than 750,000 active foreclosed properties available for sale. Nevada, California and Florida continue to rank tops in foreclosures with Arizona, Ohio, Georgia, Michigan, Colorado, Utah, and Virginia rounding out the top 10. And some economist are predicting another wave late this year and into 2009 and a third wave in 2010-2011 as those interest only loans made in 2005-2007 come to an end. This means more homes sitting on the market, falling home prices and builders not putting up new homes will continue for some time