Last month, foreclosures rose in some local cities and fell in others. In Suffolk, foreclosures spiked 36 percent from the month before, but activity fell slightly in Norfolk and Chesapeake. Foreclosures rose 1.8 percent in Virginia Beach but fell significantly in Portsmouth.

Koch estimated that about half of the foreclosures in the region are the result of job losses. In June, the region's unemployment rate pushed higher, to 7.4 percent.