Even though some areas in California have seen some signs of fewer foreclosures in the first quarter than in the last quarter of 2009 with a 40 % drop in notices of defaults (NODs), over 216,000 properties are affected in California which accounts for 23% of the foreclosure activity in the U.S. California homeowners average five months of delinquent payments when the lenders filed the NODs, and home equity loans in default average over $3,800 on a median $64,000 credit line. An estimated 6 million people continue to live in their homes up to 18 months after making their last payment due to the massive glut of foreclosures that has overwhelmed the legal and financial systems of many states.

U.S. home foreclosures in 2010 are on a course to exceed the $2.8 million initiated in 2009 through the Treasury’s Home Affordable Modification Program (HAMP), with more than 932,000 filings during the first three months, as an estimated 40% of borrowers helped by the programs continue to default on the modified mortgages. The median savings to 1.1 million homeowners helped by the HAMP loan modifications is $500 per month, saving a total of $3 billion in lower monthly mortgage payments, but the weak economy and lack of higher paying jobs continues to dampen the efforts of the government to keep homeowners in their homes.

The foreclosure situation is becoming so desperate that counties in Indiana are paying lenders $150 per four foreclosures to reach out to distressed homeowners to modify their home mortgages, if the settlement conference reaches an agreement that delays a foreclosure filing at least six months. Less than 2 percent of eligible borrowers had exercised their right to a settlement conference by the end of 2009, even though state law requires mediation before a foreclosure. Many homeowners facing foreclosure didn’t were unaware they had a right to a settlement conference because the required notification letter was stapled into the rear of about 20 other documents the homeowner receives, which tends to overwhelm the homeowner. The program is expected to spread statewide soon.

In some areas of the U.S. home buyers are getting unheard of deals. In Orlando, Fla. some homes near Walt Disney World that once sold for $300,000 are now selling for around $90,000, and nationally sales are up 18 percent from their low in early 2009, but are still down 26 percent from their autumn 2005 peak. But critics say that the administration’s foreclosure prevention efforts have had little effect, and the government is subsidizing those who would have purchased without the incentives: an $8,000 credit for first-time buyers and $6,500 for current homeowners who buy and move into another property. However, many analysts predict a flood of low-priced foreclosures will hit the market and push down prices in the second half of 2010.

With 13.8 percent unemployment and 80 percent of homeowners “under water” on their mortgage about half of which have at least 25% or more negative equity, Las Vegas Nevada leads the foreclosure rate in the U.S. While earlier foreclosures were entry-level homes caught in the subprime mortgage meltdown, the trend is now higher-priced homes and not necessarily from a subprime borrower. Apparently the economic damage has been done, and fewer jobs are being lost (a business must have some people to do the work!). But real wages and secure jobs are still leaving the workforce in America shaking and trying to regain its balance, while also trying to remain in their homes. Many believe that the government’s assistance will postpone rather than cure the foreclosure problem at a cost to the taxpayers who will never see that tax revenue used as originally intended, robbing Peter to pay Paul.

The sea of loan modifications is difficult to navigate. The government has certain guidelines to meet but borrowers who owe far more than their homes are worth are finding it difficult to modify their loans. Often, no matter what is tried to modify the terms of the loan, the borrower still cannot make the payments. Some distressed California homeowners have stopped making payments that they believe are unreasonably high since their mortgage payments are higher than the entire home value of the house next door. And banks are reluctant to quickly place homes up for sale or auction because that adds further to the glut of foreclosed homes and further reduces the value of homes on the market. So the banks are trying to restructure loans to keep people in their homes and making payments. Even so, in Glendale alone, 15% more homes received foreclosure notices, the largest increase in the state.

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There is a very interesting story posted on the Business Week website this week. It asks a rather simple question that I think a lot people would be interested in knowing the answer and general consensus to. Should Wall Street Give Their Bonuses to the Homeless? Most people directly blame Wall Street for the problems that the country is in so it seems like a fair thought that they should be forced to give the bonus money that they receive to the people that they made homeless. It is morally the right thing for them to do but whether it is actually the right thing to do is another question. Since the people that work on Wall Street are actually expected to get some good bonus checks this season, the article raises some valid questions and some of the responses might amaze you. This is actually worth the time to read.

Everyone is feeling the crunch as the crisis continues to spread and widen rather than slow down and quell. In the Tampa Bay and St. Petersburg area in the state of Florida, as in all of the country, the stress of the many homeless families is putting a lot of strain on the already overtaxed homeless shelters. Once these were primarily a place for the indigent and bums today entire familes, many of middle-income brackets until recently, are now calling these shelters home. Where before only one person was there fathers, mothers and two and more children are seeking refuge from the storm that has befallen the country. People started living with relatives and then pay by the week motels and then finally resorting to the homeless shelters. Many of these folks are simply running out of options.

Not that this is going to come as a shock to people who are living this thing first hand, but the news media has come to the conclusion that President Obama and his plan to help the nation recover from the foreclosure crisis are stating that the economy has a long way to go in this recovery. According to a recent statement by the president, which I shall paraphrase here, the economy is up and growing but it is not enough. He went over numbers and some of the reasons behind the numbers and what might need to be done to get those to reverse.

For anyone that is a follower of Rock and Roll and specifically Southern Rock and Roll, this is a sad addendum to the foreclosure news. It seems that the home of many Southern Rocks early entries into music, the building that held Capricorn Records in Macon, Georgia – has fallen as a victim to the crisis and is scheduled to go up for auction and to be sold to the highest bidder. The studio housed such rock luminaries as the group Wet Willie, the legendary Allman Brothers Band, the Marshall Tucker Band. In addition several Rhythm and Blues performers recorded albums and miscellaneous tracks at the famous studio. Plans had been underway to turn it into a studio and museum fell through and is being blamed on the economic crisis that is facing the country as a whole and the Macon area of Georgia in particular.

This story from the United Press International shows just how bad things are getting with people simply walking away from the homes they were buying, The U.S. foreclosure rates are increasing and they are running into more issues than just banks that are unwilling to budge on the issues. As homeowners also choose to abandon their mortgages, economists said. With the prices of the family homes hitting all time lows, many family members have found their homes underwater financially speaking, what that means is that they owe a larger amount on the mortgages than they would be able to sell the home for. Under those conditions, the futility of making payments, especially if a breadwinner has lost a job, cause many to walk away and let the bank take the home. CitiMortgage, part of Citigroup, said 20 percent of their defaults are the result of homeowners strategically giving up on their loans and simply choosing to walk away from the home, and hope for the best. While it is not the best option available, when these families run out of options, it is sometimes the only one they are left with that they can do.

This weeks Celebrity foreclosure is Nicholas Cage. He made a reported $40 million dollars in the year between June 2008 and June 2009 and he is now officially broke and in debt to the IRS to the tune of Nearly $7 million dollars. His home in New Orleans has fallen into foreclosure and will be auctioned off next week. According to the story Cage has either sold o0r had foreclosed upon ad least seven homes so far. This according to the story is entirely due to his financial manager making risky investments that caused him to crash and burn. In short he appears to have ended up in the same boat as many of the rest of us. He spent too much money, bought things he couldn’t afford, fell behind in his bills, didn’t pay his taxes.

If you are one of the lucky few people buying and not losing a home to foreclosure in this market then you know that you have a significant deadline in store for you as far as taxes.  There has been a race as property buyers try to move real estate purchases forward so that they can make the deadline for government’s $8,000 tax credit for first time buyers which expires at the end of the month of November. Meanwhile, the foreclosure crisis is moving into small towns and suburbs, which have previously been untouched by the economic downturn, according to new research. In a lot of states the foreclosure monster seems to have reached the smaller cities that had been fairly much unscathed. These include such areas as Chico, which is in the heart of the Sacramento Valley in California. Here there has been an astronomical increase of 98% in the  foreclosure numbers when compared with the results from only third quarter of the year 2008.

Believe it or not many experts say the recession is over. But according to this story from Birmingham along with most areas of the country continued to rise through the month of September making it hard for most people to see how that could be the result of the end of the recession. Despite the rise, the local foreclosure rate in and around the Birmingham area remains below the national rate recorded in September, which was 2.93 percent.

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The first story this week is brought to you from the News Giant CNBC. It seems that the numbers are higher than ever when it comes to foreclosed homes. In this horrible foreclosure crisis, mortgage lenders, who once called a moratorium on foreclosures, have decided to kick folks out of their homes, which have resulted in higher and higher numbers. People are left with the unfortunate decision of having to continue to pay for a house that is so far underwater that they will never in the foreseeable future have any equity on it. Many just hand the keys back to the bank and walk away. A great many people are deciding to do the latter rather than the former.

We all read the numbers and see the headlines week after week on how many homes have been foreclosed and how many workers lost their jobs. It doesn’t usually strike one as incredible if you look at the short-term numbers. But if you look at the totals, it is downright scary. This article focuses on the plight of those people affected by foreclosure, which are growing as we speak. The people that are written about here took it upon themselves to form a tent city near Pittsburgh to draw attention to the problem during the recent G-20 Summit on the economy.

Did you realize that on the average there is a home entering foreclosure in the United States every 13 seconds? Do the math – there are 24 hours in a day, which breaks down to 86,400 seconds. If you divide 13 into that number, that is over 6,646 per day. If that number isn’t enough to scare, you need to a serious reality check. That is well over 2 million homes per year in this country.

Another scary thing about the current problem in the real estate market is that a good portion of the politicians that are responsible for the laws that foreclose or stop foreclosure are actually siding with the financial institutions. That means that there are a good portion of them that are actually agreeing with the way homes are being foreclosed upon and, as a result, these are not fighting to help keep you and I in our homes.

The New York Daily News, one of the most watched and respected papers in the United States, if not the world, has run an article stating that there is no solution for the foreclosure crisis in this country. Coming from a paper with the clout that the Times has, that is a story that has been generating much interest. A law intended to help financially troubled New Yorkers keep their homes has been a big bust so far, according to a report obtained by the Daily News. In the face of a rising tide of foreclosures, state lawmakers a year ago approved the Foreclosure Prevention and Responsible Lending Act, requiring that borrowers with subprime loans at risk of losing their homes get an opportunity to meet with their lenders to negotiate possible solutions. Both sides are supposed to come to a compromise. As of yet, only a tiny minority of the negotiating sessions has resulted in settlements, according to a new study conducted by the Center for New York City Neighborhoods.

This article proposes to help you go through the steps of restructuring your loan to avoid foreclosure and gives you the information on how and what to modify to get you to that end. The article really gives some fairly basic information, the same as most of what can be found almost anywhere on the web. It looks like a legitimate article until you dig a little deeper and see that a loan modification company sponsors it and the rest of the page is written in some foreign language. It is worth looking at only to find out what to avoid in an article.

When the crisis began it was mostly the overburdened middle and lower class of homeowners that were forced into the foreclosure arena. Today, due to the fact this crisis has gone on for so long, it is starting to affect even those folks that you wouldn’t consider to be at risk for problems. In fact, the upper tier of homes now make up almost twice as much of the market as they did only three short years ago when things started to worsen. At the height of the real estate bubble, homes in the bottom one-third of the market made up almost 55 percent of all foreclosures. Homes in the middle tier made up almost 29 percent of foreclosures and homes in the top tier represented only 16 percent. In July of 2009, the bottom tier level made up 35 percent of foreclosures, while the middle tier accounted for 35 percent. Top tier homes currently makes up about 30 percent of all foreclosed properties on the market.

The latest celebrity to have a house fall to foreclosure is singer Toni Braxton who was recently served with a foreclosure notice on her Century City, California home. Her mortgage holder, City National Bank, claimed that she owed more than $44,000 in interest alone on the home.

The Associated Press gives us this story of mismanagement and errors from the banking industry, which is marring the recovery and the mortgage relief efforts of the federal government. According to this AP story, these are in some instances very minute errors that can cause eventual devastating results. In one instance, a single mom, who lives with her 10-year old daughter, was losing her house in suburban Maryland after her mortgage lender threw her out of a government loan modification program. The problem was she was notified of a seven percent error. In this instance, an error of seven cents could have actually caused her to lose her home by getting her removed from a program that the government designed to help people like her. The Associated Press inquired a little deeper with the lender and was told that the problem was actually that she was below the income level for that program. However, the lender was going to put the foreclosure on hold for now. The story is one that every homeowner in this country needs to read and take to heart because it shows that there are many ways to lose a home.

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For a change we are going to start things off with some good uplifting news. It seems that foreclosures in the state of New Jersey might just be going down or at the very least stabilizing to some degree. The numbers for the month July 2009 are actually a nearly six percent lower than the numbers for the month of July 2008. The amount of new foreclosures was almost even with the numbers form the month of June 2009 and the combination of those two things have people hopeful that the worst of the real estate crisis might actually be behind us at this point. While it might be a little too soon to actually make a prediction about that, the numbers as outlined in this article tend to leave the reader with some hopeful outlooks on the situation.

According to the Washington Times, the sale of homes is up for the fourth month in a row. This is the first time that can be said since the year 2004, which is yet another positive indicator that the real estate market might at the very least be leveling off and possibly even starting a slight reversal. In fact in a direct quote from the article it says – “The trend signals that the housing market, decimated by the longest and deepest economic downturn since the Great Depression, is finally beginning to recover.” Those are fairly strong words and if true is certainly cause for the nation to begin chilling an appropraite bottle of bubbly for the celcbration.

The historic Boulder Dam Hotel in Boulder City Nevada has recently fallen as a victim of the foreclosure problem but thanks to an anonymous donor has been spared. The city prefers to shy away from the traditional Nevada fare and banned casinos and in fact only allows 120 building permits per year in an effort to try and slow the onset of progress and growth in the community. The story is a nice little sidetrack with a happy wending and one that might be worth a few moments of your time to review.

Las Vegas is the city with the highest foreclosure numbers in the country. An honor it has held for 32 months. To most people that is a sign that they should pack up and leave and many people have done just that. There are signs of the city and the economy falling apart everywhere that you look. But this article from Time Magazine puts a different slant on the issue and if you take the time to read it you will see why to some people this is the perfect time to invest in owning a piece of Sin City and hunker down and wait for the rising of the Phoenix that will no doubt happen.

From the Dairy State of Wisconsin comes the story from the Rock County city of Janesville about how unemployment and job loss has increased the number of bankruptcy filings there. A large number of folks actually filed chapter 13 – where they keep the assets and repay the debt over time only to lose the job and having to re-file the bankruptcy as chapter 7 where all assets are liquidated to pay off the outstanding debt. As a direct result the foreclosure rate goes up as these people walk away from the houses they were attempting to save in the Chapter 13 case.  The bad news is that the officials here expect that the numbers are going to continue to get worse.

One side effect of the process of foreclosure that many times people forget to consider since they are so caught up in the numbers game and the actual process of foreclosure is depression. In recent studies nearly half of the people facing foreclosure show signs of depression and a full 37 percent met the screening criteria to be categorized as being in major depression. This can and will have a serious and long reaching effect on those folks both medically and emotionally so the end result of this economic crisis might not be fully realized for a long time to come.

If you are concerned about the foreclosure crisis – and who is not – and you would like to get a better scope and feeling for how things are fairing in your particular piece of the world you can check out this story. It gives a lot of data plus a link to a map that will show you via a Google map where the various foreclosures in your area are located so you can see how close to home the crisis is hitting.

The lender Citi-group has stepped up its efforts to help borrowers who have fallen behind on mortgage payments. The number of people that are 90 days late or more on mortgages has risen from 3.9 percent to 4.7 percent in the first quarter of the year and the financial giant in the industry is trying to do what it can to reach out to people in an effort to try and stem the increase in the foreclosure numbers and keep people in the homes and keep the homes from becoming a bank owned liability that they will have to lose more money on. It is a winning situation for both parties if it works.

The Fox News Station in Tampa is running and article about the various scams that people are still falling for in desperation to attempt to save the family home. A lot of people are being contacted by companies and are being told to make the payments direct to them and they will take care of dealing with the lender and getting the lender to agree to take less or whatever to save the house. There are a lot of different things that these people do to try and assure you that they can save your house when no one else can. This is an outright lie and a scam and yet people still fall for it because they are out of options. The story is here:

The offices of the Housing and Urban Development which are better known in the real estate arena as HUD, has set aside some fifty million dollars earmarked for the states and local governments in an effort to help them deal with the rising amount of foreclosed properties that are beginning to blight the landscape around the cities. This money is designed to help do everything from improve the landscape to give the needed capitol to tear down some of the more unsightly property and make it once again something that might be useable and not just an eyesore on the neighborhoods of America. You can take the time to click into this story and peruse it at:

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The good news is that in Cuyahoga County in Ohio the new foreclosure rate has fallen 13 percent for the first half of the year 2009. The bad news there is that they number of homes being foreclosed upon still number well into the thousands. That is nearly 7000 homes and almost half of those were in Cleveland, Ohio alone. Not a great prognosis but the way numbers have been, people it this area will take any reprieve that they can get.

Our next story gives a view that is just the opposite of the last. In this story it says that a good majority of the places in the country are seeing an increase in the number of foreclosures this year over last. The article quotes the www.Realtytrak.com website and gives a lot data that was originally found there but the data all makes a valid point and shows exactly why some areas are being harder hot than the others. It makes a lot of points that lead to conclusions. A lot of these are things that we all might not think about on a daily basis when considering the real estate crash.

Have you ever say down and gotten really upset about the things going on in your life with regards to debt and foreclosure? I am willing to venture a guess that you said yes. I would even go so far as to say that you most likely usually feel like you are the only one that really feels that way and that complaining to the companies just won’t help. Sometimes it does make you feel better. But there is a good chance that you think it is futile. Well the good news, my friend is that you are not alone in that feeling. This is a little article that if nothing else, will make you see that there are other people out there as frustrated as you and going through the same issues that you are going through.

This woman in North Carolina has an interesting story that I would suggest you take the time to read. For one thing it shows that even when things are bad, they can get worse. But on the flip side of that it shows that if you try hard and keep the faith and do whatever you can. Then there is a possibility that things might just work out for you in the long run. It’s not a terribly long story but certainly one that will leave you feeling differently after you read it.

This story is from the state of Florida but is in regards to a Federal Government plan that is aimed at allowing foreclosed homeowners to actually rent the homes that they lose to keep the home from sitting empty and becoming an eyesore that no one wants to deal with. The plan would allow the person that is being foreclosed upon to stay in the home for any where from five to ten years and be able to do so by paying the normal and customary going rate for a home like that in the area in which they are living. It may not be the ideal solution but it does cover a few problem areas and allows the home to stay full and the people to have a place to live so it sort of a winning situation. And when faced with the other option, well it is a good choice.

It looks like if you believe everything that you read, then the use of a loan from the folks down at Housing and Urban Development, more commonly known as HUD, might be a great way once again for families to latch onto their first house in the current market while the prices re so low. Down payments are as low as 3.5 percent and since the banks money are totally assured to be repaid to them. Most lending institution rally to the chance to loan money on a HUD approved loan.

For those of you that have had your fill of sad stories this week, I would advise passing this next one over and going to something of a little less sobering material. There is a shelter in New Jersey that caters to larger bread dogs. Things like the Great Danes and the like who are in need of homes or just at the end of life and looking for a comfortable place to spend the last days on this earth. The economy overall has affected the shelter with less donations and sponsorships which then meant that money had to go to things like food and medicine and as a result the mortgage fell into arrears and the shelter has since fallen into a state of foreclosure.

One group of people finds the current foreclosure market to be interesting and useful. Those would be the folks that are in the market to buy homes at this time and are financially able to do so. The prices are down, the quantity and quality of available housing is up and the area around Jacksonville in Florida has seen a huge jolt in the number of people that are actually looking to purchase. That means that there are more people actually purchasing and so the numbers might surprise you. If you read through the article you can find all the specifics and at the end there is totals that show you which areas of the country are fairly the worse in 2009. Some of them you will understand. A couple might just surprise you.

If you are an avid skier then you will recognize the name Moonlight Basin. What you might not know is that they are facing foreclosure. The ski-and-golf resort and real estate development near Big Sky is struck by foreclosure by its major lender, Lehman Bros. A letter from resort property owners said Lehman had “made the decision to begin foreclosure proceedings,” though the Madison County court clerk said that they have received no kind of foreclosure notice.

If you are looking to get some modifications made to an existing mortgage then this article may be just the thing that you are after. It contains a lot of tips on avoiding foreclosure and tells you various ways to get a loan modification that will suit your needs and have you coming out on the good side of the numbers game. It tells you up front what kind of informationa dn dicumentation that you will need to find and have in order so that the whole process goes smoothly and is less problematic and stressfull. It’s one that every person needs to read just so you know the tools.

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This is a new one. Everyone knows that in order to get a loan and in fact to even get a job now days, you need a great FICO score with the credit agency. It is how they determine if you might be a good risk or not. Well now there is a new measuring device for people to judge likelihood of foreclosure and they can even use this to give some sort of guess as to exactly when, given your current criteria you might be facing a foreclosure. It is called the FOPI score and that stands for Foreclosure Probability Index. It is using a bunch of counts and balances and comes up with a probability score that is fast becoming the industry standard. The article helps you understand the new system and there are links to see where you stand.

The Bank of America has made an announcement that offers to give some relief to foreclosed homeowners if they happen to be eligible for the plan. According to Bank of America spokespeople the loans were offered through Countrywide and   the program will be available to some of those who suffered from foreclosure, short sale or deed-in-lieu of foreclosure. While not every state is involved in this, if you happen to live in one of the forty states that are, you are in luck. The ten states are not currently participating in the program, including: Alabama, Arkansas, Massachusetts, Minnesota, Missouri, New Hampshire, New York, South Carolina, Utah and Vermont.

From the Northwest Arkansas Times comes this story of a local high-end subdivision that has gone into agreement with its lender for a friendly foreclosure. Stone Mountain subdivision, which is a local and very upscale location is slated to go into foreclosure proceedings on August fifth of this year and will apparently do so in uncontested fashion. It appears that both sides have reached an agreement that they can live with and will make everyone somewhat happy.

As a statement of how things are going in California there is this story of how local homeowners are opting to remove and / or bury pools that are in the yards. This removes the danger from children getting hurt in them and removes the cost of upkeep, which can run into the hundreds of dollars per month. A lot of people have decided that having the additional real estate of a larger flat yard might be worth more in this market than having the expense and safety issues of a defunct and not used pool. In California a lot of areas are under a water crisis anyway so this makes sense and in many cases is actually boosting the price of the homes.

The state of Illinois has been holding hearings lately on foreclosures. It seems that almost every person that testified before the senate committee there said fairly much the same thing. That the current changes that are geared towards fixing and modifying the loan process and making things easier to get things amended and changed for the good of the mortgage holder simply is not working. Unemployment is growing and the number of foreclosures is far outdistancing the number of homeowners that are getting any kind of relief from the federal program.

The state of Arizona is trying to plug up a loop hole in it’s laws that make it too easy for people to just walk away from a foreclosed property. This has caused Arizona to be in dire straights when it comes to the foreclosure numbers. One of the reasons it’s so easy to walk away from the debt you owe on a home is that the lenders in many states are precluded from coming after you for any loss that they suffer when they foreclose and resell the home. It’s called anti-deficiency protection and to a lot of peoples’ surprise the Arizona legislature revoked the protection for certain buyers. This is aimed at making the numbers drop but we will see over time if it actually has that effect. You should review the information here because if it works well in Arizona it will likely be tried elsewhere.

Many of us have had to deal with the customer service lines at the mortgage and foreclosure companies. This article gives you some pointers that we all already know but sometimes forget. It is a concise review of how to get through the red tape and automated lines to actually speak to a human and then to be able to get past the initial contact person and on to their supervisor who is the one that can most likely help you where the first person you speak with can’t. They are more the first line of defense or buffer line and you need to get by them to get the job done.

If you are one of the many folks out there today that live in daily fear that the foreclosure knock could come on your door at any moment in time then this is a story that you need to review.  Homeowners in St. Louis, Missouri, can avoid foreclosure, restructure home loans, and reduce mortgage rates with help from the Neighborhood Assistance Corporation of America (NACA). NACA will be holding a “Save the Dream” event at Chaifetz Arena on July 31-August 3, 2009. While this is not something all of us can benefit from since not everyone lives in St. Louis, it is worth looking at to see the options that are available.

Foreclosure fraud has become such a big business lately that most states either have or are considering enacting bills to protect the homeowners and prosecute the offender. The state of California is no exception and the story in the San Franciso Bay View gives some shocking details as to what is being done and what types of scams these companies and individuals try to pull to get the job done and part good hard working and scared individuals from the hard earned money they are using to try and save the family homes.

According to the Miami Herald, foreclosure rates in Florida in general and south Florida in particular are still some of the highest in the nation and unfortunately show little signs of a major slowdown. The Cape Coral/Fort Myers area ranks second in the country after Las Vegas. One in every 14 homes, or 7.2 percent of total housing units, was in some stage of the foreclosure process in the Cape Coral area on Florida’s west coast, compared to Las Vegas where the number was one in 13 homes, or 7.45 percent. This is not surprising news but it is still far from good and there is a long way to go before anyone could even consider calling the crises over.

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ForeclosureListings.com has a comprehensive, searchable database of foreclosures in areas like Columbus, Bronx, Derry, Missoula and in the whole country. Try to search foreclosures by state today! Foreclosure Recap – Week #30