Last month, the foreclosure process was initiated on 98,174 homes -- a 6 percent increase from July 2011. At the same time, overall foreclosure activity in July was down 10 percent from the same month last year, according to reports.

After a Washington Post story investigated Former Gov. Mitt Romney's connection to sending jobs overseas as the head of Bain Capital, President Obama has seized on outsourcing as a line of attack against his opponent. And Romney launched a counterattack…