Another jump in Foreclosures in 2008
Rising foreclosures! More foreclosures! Foreclosure hits all time high! These are the kind of headlines that you will get to see more often. A 57% jump in January 2008 from January 2007 is a fact. There are several states that have recorded some huge jumps in bank foreclosures in the last few quarters. For example: Rhode Island saw a huge increase in foreclosure filings recorded to be 279% while Maryland saw a spike of 430% and Virginia was almost at the top of the government foreclosures list with 634%.

The surprising fact is that all of these states started off with modest rates. Virginia in spite of the whopping increase in the percentage homes in foreclosure recorded a rate of one per 617 households, which is almost a quarter of the total rate recorded in Nevada. There are 18 states in total that witnessed an improvement in their rates and number of foreclosed homes since January. Pennsylvania, one of the states in the list saw its foreclosure filings fall by 55% and recorded 1,683 bank foreclosures, which is one per 3,226 households. West Virginia saw a drop of just one percent from 54% to 53% and rate recorded was one per 16,667 households.
However astonishing these figures may seem, if you are an investor then the figures just mean that this is the right time to invest in foreclosure homes. You can find extensive foreclosure listings at foreclosurelistingsnationwide.com and choose from thousands of beautiful homes that are being sold through public auctions. The best part is that you have to simply become a member at the website and start downloading the lists!
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