Comments on: Top 10 Highest Foreclosure States For First Half of 2010

By: Paul Lyons

Paul Lyons — Fri, 22 Oct 2010 02:29:27 +0000

Everyone needs to stop sitting around wondering how low prices will go when the reality is that there is very limited real financing available to buy any of the forclosures as well as the fact that the market will not begin its upside until we find a viable way to absorb excess inventory. It will help to expidite the modificaton of all these pending forclosures and keep additional inventory off the market. Forclosures ruin neighboring property values and taxable municipal values. It will be cheaper to modify the loans than to forclose. The gravy train is over! Now the work begins.
One possible solution is to create a legal documet, a short form modification. Find out what they can pay and have them pay it. Even if it is an interim modification. This will get the cash flowing again.

By: Wayne

Wayne — Sun, 19 Sep 2010 20:45:57 +0000

This is one top ten list nobody wants to be on. After the election if one of the Congressional bodies has a majority shift, we can possibly have some good old gridlock. Markets including real estate could use a break from govt activity.

By: Jon

Jon — Thu, 09 Sep 2010 14:03:25 +0000

Buying foreclosures are at the top of real estate now. As you can see there are many homes facing foreclosure. With this many foreclosures, the market is obviously not going up anytime soon. If you're interested in picking up foreclosures in Arizona check out www.bidazforeclosures.com. We provide real estate foreclosure information for investors and bid on their behalf at the live auctions occurring daily. Hundreds of homes go to sale everyday at a fraction of their value.

By: Alex

Alex — Sat, 17 Jul 2010 10:18:41 +0000

Interesting data, with California & Florida (absolute numbers) and Nevada (relative numbers) looking especially affected by foreclosures. As long as these foreclosures haven't been procesed, this will probably put further strain on home prices.

By: Homes Real Estate

Homes Real Estate — Fri, 16 Jul 2010 12:35:48 +0000

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By: jacobjacob

jacobjacob — Thu, 15 Jul 2010 15:24:58 +0000

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By: Property Marbella

Property Marbella — Thu, 15 Jul 2010 14:24:17 +0000

Nevada, Arizona, Florida and California are the four biggest Tourist states in U.S. and also where many have a second home. Hand in hand goes spending money on holydays and economic crisis. This is the same over here in Europe with Greece, Portugal, Spain and Italian, no tourist – no money and big problem with foreclosures.

By: Josh

Josh — Thu, 15 Jul 2010 10:31:41 +0000

Wow, the Nevada rate is very alarming because of the drastic change in only 1 year! I wonder if the decrease in gambling/tourism is the main factor there?