eFinancedirectory.com
April brought more foreclosures across the nation. Overall filings increased 62% from the same time last year, with filings in California and Nevada shooting up more than 200%. Notice by the way that Illinois is #9 on the list … so much for the stable Midwest market.
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| State | Total Foreclosures | 1 for every #HH | % Chg from Last Yr. |
|---|---|---|---|
| Nevada | 3,737 | 232 | 224.39 |
| Colorado | 5,826 | 314 | 57.20 |
| Connecticut | 4,207 | 329 | 198.79* |
| California | 30,505 | 400 | 245.12 |
| Ohio | 11,431 | 418 | 135.21 |
| Georgia | 7,151 | 433 | 38.85 |
| Florida | 14,318 | 510 | 71.47 |
| Arizona | 4,129 | 530 | 142.74 |
| Illinois | 8,298 | 589 | 28.63 |
| Michigan | 6,876 | 614 | 30.50 |
:: Bankruptcy Attorney in Illinois :: M. Hedayat & Associates, P.C. ::
SC Bankruptcy & Consumer Law Blog » » Update on the Foreclosure Crisis 12:27 pm on May 31, 2007 Permalink |
[...] Hedayat’s Bankruptcy Blog published an update on the foreclosure crisis complete with visual aids. Filings increased 62% over this time last year. But South Carolina [...]
real estate blogger 7:46 am on July 4, 2007 Permalink |
I suggest that before plunging into foreclosure, take a look at first on mortgage loan with bad credit. This allows them to obtain a remortgage on their property even if they have bad credit standing, perhaps due to default payments.