Search foreclosures by state using reputable websites if you are looking for foreclosed properties to buy or if you are just making your research on residential foreclosures.
Among the most reputable websites offering details on available foreclosed houses for sale by state are the websites of federal agencies that are providing home loans like the U.S. Department of Agriculture and the Department of Veterans Affairs and the agencies that are providing home loan guarantees such as the Federal Housing Administration and the Federal Housing Finance Agency that regulates Freddie Mac, Fannie Mae and 12 federal home mortgage banks.
In addition to these government sites, you can search the sites of foreclosure research firms that are being quoted by newspapers and journalists. These sites offer charts that show the states with the biggest numbers of mortgage delinquencies and foreclosures.
There are also a lot of sites that provide updated foreclosure listings by state or by city for a fee. These paid sites offer information more detailed and more current than other providers because they operate as a business and they have personnel that track foreclosures by state.
In a foreclosure report released by a California real estate research firm last year for November, it was shown that California again topped all other states in number of default and foreclosure filings, with nearly 74,000 of its residential units put into the foreclosure process. Florida was second with almost 53,000 foreclosure postings and Illinois was third with more than 16,000 filings. Together with fourth-placer Michigan, which posted a total of 15,988 filings, these four states accounted for more than half of the nationwide foreclosure total of almost 307,000.
Using the pace of foreclosure activity as basis for comparing state foreclosures, Nevada, Florida and California were the ones which topped the charts in November. The pace of foreclosure activity was measured by comparing the number of foreclosure filings in the states to their total number of residential units.
So, if you are looking for lower-priced foreclosure properties, your search would be more successful in these foreclosure-hit states. According to analysts, although these states were battered or are still being clobbered by foreclosures, they also have great potentials for recovery because they are still attracting local and international buyers.
One of the four states – Florida – topped a recent survey of brokers who were interviewed about the states favored by international investors asking for foreclosures by state.
Related Posts:
- List of Foreclosed Homes Dip in Utah, But Still High
- Florida’s Foreclosed Home for Sale Still at the Top
- Foreclosure Homes By State Filings Continue to Climb
- List of Federal Foreclosures and Bank Foreclosures Remain High in FL
- Demand for Foreclosure Websites Soar
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