Foreclosures Rate in Utah Decreases by 33%

May 11th, 2007

For the first quarter of 2007, Utah experienced a considerable 32.40 percent decrease in foreclosures rate compared to 2006. From January to March, the state recorded 2,406 homes in some stage of foreclosure and with a rate of 1 foreclosure for every 319 homes. The current data places Utah at the 14th spot among the states with the highest foreclosures rate. The decrease in foreclosures activity signals buyers that the time is just about right [...]

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Tennessee: Showing Foreclosure Slow Down

May 10th, 2007

Compared to 2006, Tennessee foreclosures rate has decreased by almost 8 percent. Although it is not much, real estate experts are hoping that this could be a sign that the foreclosures activity is slowing down. For the first quarter of 2007, Tennessee has the 13th highest foreclosures rate in the nation, with 10,878 homes entering some stage of

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Grabbing South Dakota Foreclosures

May 9th, 2007

Being one of the states with the lowest foreclosures rate in the United States, real estate investors and buyers would certainly try to grab these South Dakota foreclosures. For the first three months of 2006, the state recorded 75 households in some stage of foreclosure. With the great return potential of these homes, it is not surprising that buyers find ways to get hold of these foreclosed

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South Carolina Enjoys Low Foreclosures Rate

May 8th, 2007

As of the first quarter of 2007, the number of South Carolina foreclosed homes is till way below the nation's average. A total of 1,091 households entered some stage of foreclosure for the first three months of this year. Based on this, South Carolina is ranked at the 41st place among states with highest foreclosures rate with 1 foreclosure for every 1,606

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Foreclosures in Rhode Island Soars

May 7th, 2007

The foreclosure activity in Rhode Island has steadily been increasing. For the first quarter of this year, the number of Rhode Island foreclosed properties reached 672, already a 72.31 percent increase from the last quarter of 2006. When looking for potential bargains; these Rhode Island foreclosed homes will never disappoint

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Pennsylvania Foreclosures Slowing

May 4th, 2007

Unlike most states that are struggling with high foreclosures rate, Pennsylvania seems to be experiencing a slowing down in foreclosures activity. After only one year, the state's foreclosures rate has decreased by almost 30 percent. For local residents, this could be a good sign that the worst is almost over. With a total of 8, 463 homes in some stage of foreclosure, Pennsylvania comes in as the 25th state with the highest foreclosures [...]

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Foreclosures in Oregon Increase Slightly

May 3rd, 2007

Compared to 2006, the number of Oregon foreclosures has increased by a slight 8.30 percent. The state recorded 2,193 homes in some stage of foreclosure for the first three months of the current year. The slight increase would certainly pose no negative effects on the state's housing prices, relieving the homeowners from

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Oklahoma Foreclosures Rate Goes Down

May 2nd, 2007

Compared to 2006, the number of Oklahoma homes in some stage of foreclosure has decreased by 14.77 percent. Despite this good news, the first three months of this year still recorded a total of 4,029 foreclosure filings. This places the state at the 19th highest foreclosures rate position with 1 out of 371 homeowners defaulting on their mortgages. Buyers should consider this current data from ForeclosureConnections.com as a sign that the perfect [...]

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Ohio: 8th Highest Foreclosures Rate in Q1

April 30th, 2007

For the first quarter of 2007, Ohio has recorded 24,204 foreclosures filings, making it the 8th state with the highest foreclosures rate. With 1 out of 198 homes entering some stage of foreclosure, the state scrambles for ways to help local residents with their mortgage troubles. For the mean time, Ohio foreclosures rate is showing no signs of slowing down as more subprime adjustable rate loans reset this

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North Dakota Foreclosures Rate Ranks 47th

April 27th, 2007

North Dakota came in at the 47th position among the states with the highest foreclosures rate. The number of foreclosure cases filed during the first quarter of 2007 reached 70, a slight increase from the same period last year. Although the number of North Dakota foreclosures is low, the state braces for the high possibility of more homes foreclosing especially with the many adjustable rate mortgages scheduled to reset this

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North Carolina Acts to Fight Foreclosure

April 26th, 2007

Currently having the 18th highest foreclosures rate in the United States, North Carolina already has 9,563 homes in some stage of foreclosure for the first quarter of 2007. With 1 out of 368 homes in foreclosure, it is not surprising that many financial experts are urging local officials to stop the increase of North Carolina foreclosures

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Q1 2007 New York Foreclosures: Fewer than 2006

April 25th, 2007

For the first quarter of 2007, New York foreclosure filings have reached 13,411 homes. Surprisingly, the number of foreclosed homes is slightly fewer than what was reported in 2006 during the same time. To date, New York foreclosures rate places the state at the 23rd place among the states with the most number of foreclosure filings. Nationwide, the total number of homes that entered some stage of foreclosure is

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New Mexico Foreclosures Down In March

April 24th, 2007

Compared to February, New Mexico foreclosures rate plummets by 32.08 percent. There were only 326 foreclosure filings in March, roughly 1 one out of 2,394 homes. This currently places New Mexico at the 24th position with foreclosure filings reaching a total of 1,338 properties to

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New Jersey: 4,780 Foreclosures in March

April 22nd, 2007

Considered to be one of the states with the highest foreclosures rates, New Jersey foreclosures filings reached 4,780 homes this March. There were 3,784 Notice of Defaults, 725 Notice of Foreclosure Sale, 1 Lis Pendens and 270 Real Estate Owned. The number of New Jersey foreclosures filings was fewer than February's but 28.91 percent more compared to the same period last

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March 2007: 115 Foreclosure Filings for New Hampshire

April 19th, 2007

Last month, there were 115 foreclosure filings in New Hampshire. They included defaults, auctions and real estate owned properties. In 2006, the number of New Hampshire foreclosures has already doubled, causing much alarm. Experts are looking at subprime loans as the culprit for the disturbing activity and warn the New Hampshire residents to expect the

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Nevada Leads Nation with Most Foreclosures

April 18th, 2007

As of March 2007, Nevada foreclosures rate is up by 29.42 percent from the previous month and 219 .92 percent from last year, with 4,738 filings recorded for this month alone. This translates to about one out of every 183 homes entering some stage of foreclosure. With the many Nevada foreclosures, real estate experts are worried that the accelerating foreclosure activity would eventually impact the nation's

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Nebraska Foreclosures Rate Soars

April 17th, 2007

According to a house foreclosures report, Nebraska foreclosures rate has already increased by 144 percent since March 2006. Currently, the state has the 25th highest foreclosure homes rate with one out of every 2,013 homes entering some stage of

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Massachusetts Foreclosures Rate: Record High in 2006

April 16th, 2007

In 1991, there was a recorded 17,000 Massachusetts foreclosure filings, setting a record high for the state. But as 2006 ended, a new record was set. About 19,487 foreclosure cases were filed by lenders against homeowners who failed to fulfill mortgage payment obligations. A research conducted by the Federal Reserve Bank of Boston showed that the increase in Massachusetts foreclosures rate can be blamed to bad credit mortgage loans or subprime [...]

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Maryland Suburbs Hit with Foreclosures

April 15th, 2007

Although Maryland has one of the lowest foreclosure rates in the nation, it still did not escape consequences of reckless lending. By the end of 2006, around 45,000 Maryland foreclosures were recorded. Baltimore, a thriving suburban city, is already experiencing a considerable and continuing increase in foreclosures rate, making residents worry. The data on these Maryland foreclosures showed what experts have known all along. Majority of the [...]

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Potential Bargains with Louisiana Foreclosures

April 14th, 2007

The high foreclosure rates experienced nationwide have created an opportunity for many buyers to hunt for potential bargains. For example, Louisiana foreclosures, sold at foreclosure auctions, now attract hundreds of bidders. It is a well known fact that a foreclosure auction is the best way a person can own Louisiana foreclosure homes. But bidders face plenty of risk every time they participate in a foreclosure auction. If you are a first time [...]

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