The number of foreclosure proceedings begun in Nashville every working day hasn't gone up in July, but it hasn't gone down, either.

Through the close of business yesterday, the Davidson County Register of Deeds had recorded 394 of the notices normally filed to begin the process of foreclosure since July 1. That number works out to a rate of 20.7 per working day, compared with 20.9 per working day in June.

As NashvillePost.com reported at the end of last month, June saw an abrupt rise in the volume of foreclosure actions filed in Davidson County. The 459 filings for the month appears to have been an all-time high. It represented a dramatic reversal of previous declines and a 31 percent spike above the rate for May.

Lenders give notice of foreclosures through “appointment of substitute trustee” filings. A substitute trustee takes the place of the original trustee under a deed of trust, which pledges a real estate property to a lender as security for the loan. In Tennessee, such a filing is normally the first public notice that a loan is in default.

Some substitute-trustee filings involve either foreclosures on commercial properties or trustee substitutions made for reasons other than foreclosure. The vast majority, however, involve home foreclosures.