Foreclosure Connections Blog Articles And Foreclosure Information

Texas Investors Delighted with 15% Foreclosures Rate Decrease

120 views June 20th, 2007

For the months of April and May, Texas boasts of negative foreclosures rates despite the nationwide 14 percent increase. This turn of events could be the signal of more golden opportunities for real estate inventors who have been waiting patiently by the sideline all this time. If market trend continues to increase, these Texas foreclosures will be grabbed from the market immediately before foreclosure home prices go up.

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Foreclosures Rate of New York Slowed Down by 3 %

112 views June 12th, 2007

Comparing the New York foreclosures rate recorded this April to that of last year during the same period, you will observe a 3 percent decrease. But from last March’s report, the state’s foreclosures rate increased by almost 11 percent. Among the 4,099 foreclosure filings, there were actually just 298 New York foreclosures or real estate owned with the rest in different stages of foreclosure.

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Foreclosures Rate in Wyoming Still Among the Nation’s Lowest Despite 100% Increase!

118 views June 11th, 2007

For April of this year, Wyoming came in at the 46th spot with a foreclosures rate of one filing for every 11,193 households. This month saw 8 Notice of Trustee Sale (NTS) and 12 Real Estate Owned (REO) filings, bringing the total to 20 Wyoming foreclosed homes. The state’s foreclosures rate remains one of the lowest in the nation although it has increased by 100 percent compared to last March.

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Wisconsin Foreclosures Rate Stays Put

192 views June 8th, 2007

Across the nation, foreclosures rate dipped by over 1 percent as the market tries to correct itself from the tragedy brought about by the subprime mortgage market. In states like Washington, Vermont and Wisconsin, foreclosures rate experienced the same fate as most of them brought in less than 2 percent increases. The number of Wisconsin foreclosures filings reached 840 in April with 473 homes receiving Notice of Defaults.

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West Virginia Still Enjoys Low Foreclosures Rate

126 views June 7th, 2007

Since last year, West Virginia foreclosures rate have considerably increased by almost 250 percent. Surprisingly, the state enjoys a below than national average foreclosures rate, with one filing out of every 4,826 homes. Across the state, subprime mortgage loan products, adjustable rate mortgages in particular, have been blamed for the growing inventory of West Virginia foreclosed homes.

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Nevada’s April Foreclosures Rate Decrease by 21%!

120 views June 6th, 2007

The 1 percent dip in national foreclosure homes rate this April left a huge sigh of relief from real estate experts worried about the after effects of the could-have-been-better foreclosure market conditions. Other states like Nevada even enjoyed a 21. 13 percent decrease in foreclosure activity compared to last month. Although the state recorded just 3,737 homes entering some stage of foreclosure, Nevada still has the top spot in terms of foreclosures rate.

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Washington Foreclosure escapes the trend set by other states!

180 views June 5th, 2007

According to ForeclosureConnections.com, national foreclosure activity has increased around forty-five percent in overall when compared to year 2006. This information is based on the filings made during the month of March. But, Washington foreclosures has decreased by six percent during the month of April when compared to the previous month.

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Minnesota foreclosures offer buyers with options and choices!

398 views June 5th, 2007

Home sales slow down in Minnesota and according to real estate industry experts; it is not meaningful to expect any turnaround in near future. Buyers have a great time with real estate market offering many choices and competitive prices. And sellers experience longer time for their home to get sold and may not get the price as expected.

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Indiana scoring 11th rank on national top foreclosure list!

156 views June 5th, 2007

The state of Indiana has been fighting against mortgage foreclosure and stands at eleventh rank in overall foreclosures for realities owned in the country. The state of Indiana along with twenty-one other states is desperately taking measures to minimize the impact of heavy housing downturn. Indiana governor passes a bill offering consultation and assistance to all the defaulted homeowners and those who are likely to do so.

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Georgia foreclosure ranks sixth during April

158 views June 5th, 2007

Georgia foreclosure bagged 6th rank in foreclosure listing in the month of April 2007 with one foreclosure filed for every four hundred and thirty homes. This is an increase of around 5.5 percent from its previous month, March and an amazing increase of 38 percent from April last year. Georgia foreclosures ranked fourth in the month of March and maintained third rank for earlier several months.

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