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Central Coast Foreclosures at Record High, Interest in Foreclosure Investin
2008-03-18 15:21:00
The opportunities for foreclosure investing in California's Central Coast may never be better than they are right now, according to new reports that foreclosures in the area have reached an all time high after February's statistics are in. New figures show that over 2% of all homes in the area are currently in foreclosure proceedings, a height that the state of California has never before seen. In addition, more than 6% of all homeowners are currently behind on their payments, indicating that the figure for foreclosures may still be climbing.
More About: Foreclosures , Foreclosure , Interest , High

Washington D.C. Foreclosure Rate Spikes in First Month of 2008
2008-03-12 14:21:00
Washington D.C. continues to feel the strong impact of the nationwide housing situation, as new studies report that the area saw a staggering 90% increase in foreclosure in January of 2008 from one month earlier.
More About: Washington , Foreclosure , Rate , Month

Bernanke Stresses Need for More Action to Help Homeowners Avoid Foreclosure
2008-03-06 15:06:00
Federal Reserve Chairman Ben Bernanke announced Tuesday the need for federal and state authorities to start taking meaningful steps to help homeowners avoid foreclosures, as the foreclosure rate index continues to rise across the nation.
More About: Action , Foreclosures , Foreclosure , Avoid

Michigan Experiences Drop in Real Estate Foreclosures During January
2008-03-05 15:14:00
While much of the nation is geared up for 2008 to be the worst year on record for real estate foreclosures, Michigan , traditionally near the top of the list for state's with the worst foreclosure rate, experienced a substantial drop in property foreclosures during the first month of the year.
More About: Estate , Real Estate , Foreclosures , Real Estate Foreclosures

Florida Foreclosure Task Force Founded
2008-02-25 15:14:00
Following the lead of several other governors and state representatives around the country, Florida Governor Charlie Crist announced Wednesday the formation of an anti-foreclosure task force to combat the rising levels of foreclosure homes across the state.
More About: Foreclosure , Force , Task

Maryland Governor Passes Emergency Resolution Requiring Lenders to Inform S
2008-02-21 16:00:00
In reaction to the rising foreclosure rate of foreclosure all over the state, Maryland Governor Mike O'Malley announced a new emergency order Tuesday requiring mortgage lenders to notify the state ahead of the homeowner when a default is going to be issued on a delinquent mortgage. The legislation is intended to give local authorities a chance to offer help and assistance to the homeowner before the process begins, so that they will be better prepared and more equipped to avoid an eventual foreclosure.
More About: Inform , Emergency , Lenders

Texans See Rise in Texas Foreclosures and a Rise in Interest at Foreclosure
2008-02-18 15:00:00
With Texas foreclosures rising to near record highs in many parts of the state, foreclosure auctions in the area have become a big draw for homebuyers and real estate investors. Looking to capitalize on the chance to buy Texas foreclosure homes for discount prices, many buyers are attending auctions, buying bank foreclosures and trying to invest in these lucrative chances for real estate profits.
More About: Foreclosures , Foreclosure , Texans , Interest

North Carolina Foreclosures More than Double in 2007
2008-02-14 12:59:00
North Carolina foreclosures soared to new heights in 2007, making them one of the states with the highest jumps in foreclosure rate in the past year. During the period between November 2006 and November 2007, the amount of North Carolina foreclosure homes rose over 143%, which is a staggering figure, even for the foreclosure plagued southeastern region. The state still fares better than the national average however, which stands at about 1 foreclosure per 600 households. North Carolina averages roughly 1 foreclosure for every 1000 households.
More About: Foreclosures , North Carolina , Double , North

Virginia Foreclosures Finally on the Rise
2008-02-12 12:38:00
While Virginia foreclosures have remained at comparatively low levels to other states during the recent foreclosure boom, over the course of 2007 the number of Virginia foreclosure homes coming onto the market increased substantially, and that could spell good news for potential investors.
More About: Foreclosures , Finally , Rise

Pennsylvania Foreclosure Homes Inventory Falling
2008-02-11 12:42:00
While the rest of the country is experiencing a surge in the foreclosure market, Pennsylvania foreclosures have fallen dramatically since the end of 2006, bucking the national trend. New data suggests that the foreclosure situation in the state is beginning to right itself, as the number of new Pennsylvania foreclosure homes has fallen steadily since August.
More About: Inventory , Foreclosure , Homes

South Carolina Foreclosures on the Rise
2008-02-07 19:19:00
The market for South Carolina foreclosures is certainly growing, as the state experienced significant growth in its foreclosure rate over 2007, much like rest of the southeastern region of the country. Bankruptices across the state, due almost entirely to the high costs associated with mortgage payments, were up 18% in 2007, leading to a huge surge in the amount of South Carolina foreclosure homes on the market.
More About: Foreclosures , Rise

Massachusetts Foreclosures up 70% in 2007
2008-02-01 12:39:00
Despite a drop during the month of November, Massachusetts foreclosures on the whole were on the rise in 2007, surging roughly 70% above their 2006 levels at the end of the year.
More About: Foreclosures

Michigan Foreclosures Rise to High Levels in 2007, Aided By Soaring Number
2008-01-29 13:02:00
The statistics for Michigan foreclosures received a huge boost from the Detroit metropolitan area during 2007, new reports indicate. Detroit foreclosures rose more than 107% between December of 2006 and December of 2007, worsening the city and the state's already worrisome foreclosure crisis. Michigan foreclosure homes rates have consistently been among the top 5 states in the nation over the past few years, and 2007 secured it as one of the worst areas in the country for home foreclosures.
More About: Foreclosures , High , Soaring , Rise

New Jersey Foreclosure Homes Rising, Appearing in Suburbs
2008-01-25 13:05:00
Following the trend of the rest of the country, New Jersey foreclosures rose in 2007, although the New Jersey foreclosure homes situation isn't quite as bad as many other states. New Jersey currently ranks as number 16 among states with the worst foreclosure property rates, and its problems are blamed largely on the sub-prime mortgage crisis.
More About: Foreclosures , Foreclosure , Homes

New York Foreclosures Increasing Rapidly, Experts Predict More to Come
2008-01-23 15:15:00
While many states have experienced huge booms in foreclosures over the past year that are now showing signs of either evening out or beginning to drop off, New York foreclosures seem to be doing the opposite. In 2006, the total amount of New York foreclosure homes was enough to make New York the state with the fifth highest foreclosure rate in the country. Many weren't sure where the market was going to go from there, but in 2007, it got decidedly worse.
More About: Foreclosures , Experts , New-York

Number of Indiana Foreclosures Finally drops
2008-01-17 14:19:00
For some time now, Indiana has been one of the states at the forefront of the foreclosure epidemic that has been sweeping the nation, but now it seems that Indiana foreclosures may finally be on the way back down. As of December 2007, the total number of Indiana foreclosure homes was down 8% from the same time during December of 2006. This drop, while only in the single digits, is quite remarkable, considering that the national foreclosure index increased greatly during 2007. Some reports have the national foreclosed houses inventory increasing by nearly 90%.
More About: Foreclosures , Finally , Number

Illinois Foreclosures Still High in Chicago and Beyond
2008-01-16 17:30:00
The state of Illinois continues to experience the weight of the foreclosure boom, as new statistics show that the number of Illinois foreclosures increased 36% in 2007 over the 2006 total. Illinois foreclosure homes totals have not reached record highs like other parts of the country, but the market for homes there has still been severely affected. Median home values continue to fall due to a flooded market. In addition, more foreclosed properties are predicted to come about due to adjustable rate mortgages set to reset during the 2008 year.
More About: Foreclosures , Chicago , High

Maryland Foreclosures Scene Bleak as Inventory of Foreclosure Homes Continu
2008-01-15 15:22:00
The escalating situation for Maryland foreclosures has caught the attention of local lawmakers, who recently vowed to take steps to combat the surge in Maryland foreclosure homes after 7000 residents lost their homes to mortgage debt during the third quarter of 2007.
More About: Foreclosures , Inventory , Foreclosure , Scene

Number of Georgia Foreclosures Continues to Grow
2008-01-14 17:47:00
Georgia once again came in near the top of the charts among states with the highest rates of foreclosure in 2007. Georgia foreclosures and filings numbered over 9,950 in the month of November alone, which was one of the high points of the year. Georgia foreclosure homes numbered 1 for every 420 houses in the state during that period. While this number was a decrease from October of more than 20%, it is still 28% higher than it was in November of 2006.
More About: Foreclosures , Georgia , Grow , Number

Colorado Foreclosures Hit Record High Once Again
2008-01-11 15:15:00
After 2006, many thought the Colorado foreclosures couldn't get much worse. During that year, the state experienced a 30% increase in the amount of defaults filed since 2005, and although many expected they hadn?t seen the end of this trend, few could predict what was to come in 2007. Only nine months into the year, the number of Colorado foreclosure homes matched the total for the previous year, topping out at over 28,950 homes entering some stage of foreclosure or default.
More About: Foreclosures , High , Record , Cord

Upward Trend in California Foreclosures Hits the Cities
2008-01-10 13:12:00
According to new reports, Northern California saw an uptick in the number of California foreclosures that resulted in a 165% increase in the amount of homes entering some stage of default during the year of 2007. Similarly, the southern half of the state saw a dramatic increase in 2007 as well, as California foreclosure homes in the region saw a 175% rise in the number of defaults, many of these occurring in the areas biggest markets for real estate.
More About: Foreclosures , Cities , Hits , Trend

As the Rate of Arizona Foreclosures Slows, It May Be the Best Time to Buy A
2008-01-09 14:33:00
Good news for homeowners on the Arizona foreclosures front, and that's that the near record foreclosure rate highs we've seen in the state in the past year seems to be tailing off.
More About: Foreclosures , Time , Rate

More Florida Foreclosure Homes means More Chances for Discounted Investment
2008-01-08 20:33:00
Reports are showing that Florida foreclosures, while existing in the top ten states with the highest rates for some time now, has once again experienced a significant climb in its foreclosure inventory. The most serious hot spot is the southern region of the state, where Florida foreclosure homes numbers jumped another 35% during 2007.
More About: Investment , Foreclosure , Homes , Chances

How to Prepare for Colorado Foreclosure Homes
2008-01-02 19:54:00
The right time to invest in one of these Colorado foreclosure homes has come. As of August, the state has the 8th highest foreclosures rate, with one filing for every 312 homes. With so many foreclosures available for sale, you should not hesitate especially since market conditions are favoring buyers like you. But before you even start your foreclosure search, you should make sure that you are prepared to buy these foreclosure properties.
More About: Foreclosure , Homes , Pare , Prep

Georgia Foreclosure Homes: Affordable Closings Costs
2007-12-26 19:52:00
Despite what other people may say, investing real estate properties now, especially foreclosures, will provide buyers a good return on their investment. These buyers will not even have any difficulties looking for bargain Georgia foreclosure homes. The state currently has the 4th highest foreclosures rate in the nation ?with one filing for every 271 homes. Aside from the large inventory of foreclosed properties to choose from, buyers will also be delighted with another thing ? affordable closing costs.
More About: Foreclosure , Homes , Costs , Sings

Growing Number of Indiana Foreclosure Homes Means More Investment Opportuni
2007-12-20 15:13:00
Although the state enjoys one of the highest home ownership rates at 75 percent, Indiana also has the second largest foreclosed homes inventory. Many local officials and real estate experts believe that the subprime mortgage market is not entirely to blame. Unemployment rate has actually gone up in the past years and without jobs, many homeowners will really have difficulties paying their mortgage dues ? resulting to a great supply of Indiana foreclosure homes.
More About: Investment , Foreclosure , Homes , Growing

Georgia Foreclosure Homes and Stable Home Prices
2007-12-18 13:17:00
Good news for real estate investors and buyers. According to a report released by the Office of Federal Housing Enterprise Oversight, the HPI (Housing Price Index) has actually grown by about 3.2 percent fro the second quarter of this year nationwide. This means that investing in real estate properties will be a wise investment decision. And if buyers consider the return potential that Georgia foreclosure homes offers, they would certainly enjoy great profit.
More About: Home , Foreclosure , Homes , Prices

3 Factors to Consider When Buying South Carolina Foreclosure Homes
2007-12-17 20:45:00
The South Carolina housing market seems immune to the subprime mortgage crisis that is affecting most states. In fact, the state has one of the lowest foreclosures rate in the nation. Still, there is a good supply of South Carolina foreclosure homes that generates healthy amount of buyer interest, this, of course, this is not surprising. The state offers an abundance of cultural, historical and recreational sites, not to mention the numerous business and employment opportunities.
More About: Buying , Foreclosure , Homes

No More Down Payment Worries with Pennsylvania Foreclosure Homes
2007-12-13 19:56:00
The most difficult part of buying a home is coming up with a down payment. Of course, if you choose to purchase Pennsylvania foreclosure homes instead of brand new housing units, you will actually save a considerable amount of money. Most of these foreclosures are sold at a fraction of their average market values and you will certainly be relieved that you will not have to come up with a huge down payment.
More About: Foreclosure , Homes , Payment , Sylva

See the Columbia Foreclosure Homes market
2007-12-12 15:09:00
Columbia foreclosure homes are part of a statewide and national rise in foreclosure. Many states nationwide are taking steps to develop foreclosure prevention strategies. However, regardless of any assistance, there will be some homeowners who will be unable to avoid the foreclosure process. This has resulted in a plethora of homes in the foreclosure market ...
More About: Market , Columbia , Foreclosure , Homes , South Carolina