What Number is Your City?

The cities with the three highest foreclosure rates are:

1. Detroit
2. Las Vegas
3. Stockton, California

The amount of bank foreclosures and government foreclosures found on foreclosure listings for these cities could fill the pages of a novel. And they are not alone. Foreclosed homes and homes facing foreclosure are beginning to outnumber the properties for sale not in foreclosure. Reasons vary from city to city. Detroit for instance is experiencing hard economic problems. Stockton and Vegas experienced recent exorbitant growth that drove up the prices, only to see them come crashing down when the subprime market and ARM increases were too much for the homeowner to bear.

Many of these foreclosure inflicted metropolitan areas are within 4 states, California, Ohio, Florida and Michigan. Here is the listing of the top 20:

4. Riverside-San Bernadino
5. Sacramento
6. Cleveland
7. Bakersfield
8. Miami
9. Denver
10. Fort Lauderdale
11. Atlanta
12. Akron
13. Memphis
14. Fresno
15. Dayton
16. Oakland
17. Farmington Hills – Troy
18. Indianapolis
19. Toledo
20. Orlando

If you can’t find your city on this list, congratulations, however, foreclosures are happening everywhere. With this in mind, any would be homeowner or want to be homeowner should check into the foreclosure market, as you will certainly find a large number of properties available for purchase at prices that, well, are unheard of. Homeowners facing foreclosure are desperate to sell. Banks and lending institutions are desperate to sell the homes that have been returned to them via default. Everyone is desperate to sell, now is the time to buy. Find your real estate deal of a lifetime by becoming a member of ForeclosureListingsNationwide.com. With todays prices, there is no reason to NOT to buy a home in foreclosure, unless of course, you want to pay full market price.

Related links:

• Foreclosure Listings
• Bank Foreclosures
• Foreclosure Homes for Sale
• Foreclosures