Comments on: Top 10 States With Highest Foreclosure Rate In 2007 http://www.therealestatebloggers.com/2008/01/29/top-10-states-with-highest-foreclosure-rate-in-2007/ Real Estate Blog, Mortgage, and Development News Sun, 21 Mar 2010 17:00:51 +0000 http://wordpress.org/?v=2.9.1 hourly 1 By: how can you check which states have the best real estate appreciation AND the ones with the most foreclosures? | Solve Real Estate http://www.therealestatebloggers.com/2008/01/29/top-10-states-with-highest-foreclosure-rate-in-2007/comment-page-1/#comment-382905 how can you check which states have the best real estate appreciation AND the ones with the most foreclosures? | Solve Real Estate Sat, 06 Jun 2009 05:24:21 +0000 http://www.therealestatebloggers.com/2008/01/29/top-10-states-for-foreclosures-in-2007/#comment-382905 [...] 2007 Foreclosure Stats Rank State Total % of Homes 1 Nevada 34,417 3.376 2 Florida 165,291 2.002 3 Michigan 87,210 1.947 4 California 249,513 1.921 5 Colorado 39,403 1.919 6 Ohio 89,979 1.797 7 Georgia 59,057 1.566 8 Arizona 38,568 1.516 9 Illinois 64,310 1.25 10 Indiana 27,980 1.027 http://www.therealestatebloggers.com/2008/01/29/top-10-states-with-highest-foreclosure-rate-in-2007/ [...] [...] 2007 Foreclosure Stats Rank State Total % of Homes 1 Nevada 34,417 3.376 2 Florida 165,291 2.002 3 Michigan 87,210 1.947 4 California 249,513 1.921 5 Colorado 39,403 1.919 6 Ohio 89,979 1.797 7 Georgia 59,057 1.566 8 Arizona 38,568 1.516 9 Illinois 64,310 1.25 10 Indiana 27,980 1.027 http://www.therealestatebloggers.com/2008/01/29/top-10-states-with-highest-foreclosure-rate-in-2007/ [...]

]]> By: Basilovecchio http://www.therealestatebloggers.com/2008/01/29/top-10-states-with-highest-foreclosure-rate-in-2007/comment-page-1/#comment-152775 Basilovecchio Wed, 30 Jan 2008 13:36:32 +0000 http://www.therealestatebloggers.com/2008/01/29/top-10-states-for-foreclosures-in-2007/#comment-152775 I would like to present a united way out of this horrible mess,by turning this American nightmare into an American DREAM. Turn all defaulted homes into AFFORDABLE HOMES.Solve two problems at the same time,one will cancell the other. "The united way everybody wins plan" in it's simplest form: Banks and lenders need to immediately STOP ALL foreclosures and short sales.They will receive up to 120% of the loan balance with new terms and conditions. They will issue a new note two part note.Part one: Note for 15 years fixed at a rate of 6% for ONE HALF OF THE LOAN BALANCE,up to 120% of the Home value.This should be an avenue of relief for 99% of the homeowners that are in distress. Also an avenue by which Foreclosed property will immediately be taken off the market by the one element that will solve the problem-NEW END USERS(a/k/a people that need AFFORDABLE HOUSING). The second part: A note that starts payment on the 161st month on a fixed 30 year set at prevailing rate (estimate 6%).Example $200.000 bad loan on a property valued today at 180,000. Becomes AFFORDABLE for the person ther or a new end user because the monthly payment will be $844 per month...FIXED for 15 Years,then DROP,yes lowers to $600 per month. GREAT!!!!! but insane.Monetery trickery!The OTHER HALF BALANCE the bank or lender will have to pay interest for 15 years.NO DEAL! No so,The borrower is paying 6% wich is a higher rate so that 2% of the interest can be given to the lender to pay back the borrowed money for 15 years....MONEY THAT THE FEDS MUST<i>LEND THEM ON THESE NOTES AT 2% fixed 15 years. In this United Way Everybody wins!! Anyone that emails me ,I will be pleased to send a Detailed report. PLEASE SEND THIS TO YOUR LENDER<THE PRESIDENTANY MEMBER OF CONGRESS. Or if I am wrong send me an email stating why this can- not happen and I will cease and desist and go back to being a quiet broker/owner. C Basilovecchio cbasilovecchio@aol.com Please excuse any typo's,sometimes my one finger misses a key or two.</i> I would like to present a united way out of this horrible mess,by turning this American nightmare into an American DREAM.
Turn all defaulted homes into AFFORDABLE HOMES.Solve two problems at the same time,one will cancell the other.
“The united way everybody wins plan”
in it’s simplest form:
Banks and lenders need to immediately STOP ALL foreclosures and short sales.They will receive up to 120% of the loan balance with new terms and conditions.
They will issue a new note two part note.Part one: Note for 15 years fixed at a rate of 6% for ONE HALF OF THE LOAN BALANCE,up to 120% of the Home value.This should be an avenue of relief for 99% of the homeowners that are in distress. Also an avenue by which Foreclosed property will immediately
be taken off the market by the one element that will solve the problem-NEW END USERS(a/k/a people that need AFFORDABLE HOUSING).
The second part: A note that starts payment on the 161st month on a fixed 30 year set at prevailing rate (estimate 6%).Example $200.000 bad loan on a property valued today at 180,000.
Becomes AFFORDABLE for the person ther or a new end user because the monthly payment will be $844 per month…FIXED for 15 Years,then DROP,yes lowers to $600 per month.

GREAT!!!!! but insane.Monetery trickery!The OTHER HALF BALANCE the bank or lender will have to pay interest for 15 years.NO DEAL!
No so,The borrower is paying 6% wich is a higher rate
so that 2% of the interest can be given to the lender to pay back the borrowed money for 15 years….MONEY THAT THE FEDS MUSTLEND THEM ON THESE NOTES AT 2% fixed 15 years.
In this United Way Everybody wins!!

Anyone that emails me ,I will be pleased to send a Detailed report.
PLEASE SEND THIS TO YOUR LENDER<THE PRESIDENTANY MEMBER OF CONGRESS.
Or if I am wrong send me an email stating why this can- not happen and I will cease and desist
and go back to being a quiet broker/owner.

C Basilovecchio
cbasilovecchio@aol.com
Please excuse any typo’s,sometimes my one finger misses a key or two.

]]> By: unknown http://www.therealestatebloggers.com/2008/01/29/top-10-states-with-highest-foreclosure-rate-in-2007/comment-page-1/#comment-152374 unknown Tue, 29 Jan 2008 23:49:17 +0000 http://www.therealestatebloggers.com/2008/01/29/top-10-states-for-foreclosures-in-2007/#comment-152374 Check out the article in Tuesdays Houston Chronicle Business section under"Fired VP sues Lender" and make sure you read all the comments under the article about Countrywide KB home Houstons practices. Someone let the cat out of the hat. Check out the article in Tuesdays Houston Chronicle Business section under”Fired VP sues Lender” and make sure you read all the comments under the article about Countrywide KB home Houstons practices. Someone let the cat out of the hat.

]]> By: Utah Not Among the Top Ten States in Foreclosures | The Jimmy Rex Team http://www.therealestatebloggers.com/2008/01/29/top-10-states-with-highest-foreclosure-rate-in-2007/comment-page-1/#comment-152350 Utah Not Among the Top Ten States in Foreclosures | The Jimmy Rex Team Tue, 29 Jan 2008 22:37:50 +0000 http://www.therealestatebloggers.com/2008/01/29/top-10-states-for-foreclosures-in-2007/#comment-152350 [...] See Who was Among the Top Ten… [...] [...] See Who was Among the Top Ten… [...]

]]> By: Blue Ridge GA Real Estate http://www.therealestatebloggers.com/2008/01/29/top-10-states-with-highest-foreclosure-rate-in-2007/comment-page-1/#comment-152177 Blue Ridge GA Real Estate Tue, 29 Jan 2008 17:15:14 +0000 http://www.therealestatebloggers.com/2008/01/29/top-10-states-for-foreclosures-in-2007/#comment-152177 Well those numbers say it all. Wishing all of you on the list a better year in 2008. Well those numbers say it all. Wishing all of you on the list a better year in 2008.

]]>