The 25 U.S. Cities with the Highest Foreclosure Rates: In 2008 the Detroit metropolitan statistical area (MSA) had the highest rates in relation to the national average with a foreclosure rate of one filing for every 51 households, which is more than five times the national average. It was followed by Las Vegas. California, unsurprisingly, had six affected MSAs, the most of any state. Florida and Texas came next, with three apiece. In 2009, Florida. moved up to # 2. The nation's rate of one filing for every 264 households was the highest quarterly foreclosure rate since RealtyTrac began issuing its report 27 months ago. Free listings of foreclosures, short sales, foreclosed homes, reo, hud and bank owned housing nationwide. Real estate investors can access the largest free forclosed database of bank owned homes, REO, Short Sales, government foreclosures and choose from HUD, single family homes, condos, town homes, rental and income properties.
There are many ways to lose a home but signing away ownership in a manner that destroys credit, embarrasses the family and strips an owner of dignity is one of the hardest. For owners who can no longer afford to keep mortgage payments current, there are alternatives to bankruptcy or foreclosure proceedings. One of those options is called a "short sale." Finding bank foreclosures is an essential element of a real estate foreclosure investor's strategies. Our extensive foreclosure listings database includes almost one million foreclosed homes, including bank foreclosures, foreclosed properties and government foreclosures such as HUD homes foreclosures and VA foreclosed homes. From there the bank will place the property on the market for auction or sell. These types of properties immediately become REO Properties and are generally a steal to catch.
Learn about: Home foreclosures
best cities to buy a home
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How to Short Sell
How to not lose your home to foreclosure
Hud assistance
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Short Sales
How to buy a foreclosed bank owned home
Debt consolidation
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