FOR IMMEDIATE RELEASE: (of interest to editors covering: Online Directories/Portals, Real Estate, N.Y. Business) Nationwide Foreclosure Fear Still Strong as Homeowners Try to Prepare for the Worst NEW YORK, N.Y., July 9, 2009 (SEND2PRESS NEWSWIRE) -- According to ForeclosureRepos.com, REO activity is expected to spike in the coming months as foreclosure delays and moratoria implemented by various state laws come to an abrupt end. The herd mentality is causing people to rush to find alternatives. Attendance at Tele-Seminars, workshops, interactive community meetings, and increasingly large seminars held by reputable mortgage bankers and attorneys are continuing to draw concerned and sometimes desperate homeowners seeking solutions to stay in their homes. Of the many issues discussed are how to protect yourself if the economy doesn't recover, secret tactics of lowering your interest rate and monthly payments, how to avoid many of the biggest mistakes most people make. Residents are scrambling for alternatives. Some homeowners have been helped with their mortgage and financial needs such as loan modifications and protection from foreclosure, and learning how to stop the harassing phone calls from lenders. Many have fallen prey to deed fraud and mortgage rescue scams as they try to modify their loans. Some counselors teach residents foreclosure prevention and how to identify the company holding their mortgage, and how to navigate the legal process to achieve loan modification and renegotiate affordable loan terms. In any event, people are hungry for answers and the clock is ticking on their due notices. ForeclosureRepos.com reported that of the 5 states that showed the biggest rise of foreclosures the least amount was over 12 percent from just 30 days earlier. Top 5 states with the biggest growth of foreclosures in June/2009 compared to May/2009: 1) 10.16 percent growth - Washington 2) 9.62 percent growth - Vermont 3) 8.79 percent growth - Mississippi 4) 8.23 percent growth - Delaware 5) 7.97 percent growth - Kansas 5 states reported the biggest reduction of foreclosures in June/2009 compared to May/2009: 1) 16.29 percent reduction - Colorado 2) 10.13 percent reduction - Connecticut 3) 8.48 percent reduction - Massachusetts 4) 7.89 percent reduction - New Jersey 5) 6.92 percent reduction - Nevada Arizona, Texas, and Illinois had some of the top 5 cities reporting the biggest growth of foreclosures in June/2009 compared to May/2009: 1) 32.15 percent growth - Mesa, AZ 2) 20.48 percent growth - Jackson, MS 3) 15.38 percent growth - Austin, TX 4) 12.30 percent growth - Tacoma, WA 5) 11.67 percent growth - Chicago, IL The top 5 cities where the biggest reduction of foreclosures occurred in June/2009 compared to May/2009 were primarily in Colorado: 1) 21.60 percent reduction - Aurora, CO 2) 20.91 percent reduction - Colorado Springs, CO 3) 16.62 percent reduction - Denver, CO 4) 15.33 percent reduction - Minneapolis, MN 5) 13.73 percent reduction - Dallas, GA More information: http://www.foreclosurerepos.com . All trademarks and service marks are the property of the respective parties. Send2Press(R) is the originating wire service for this story, Copr. 2009. NEWS SOURCE: ForeclosureRepos.com # # # // RELEASE END // MEDIA ONLY CONTACT(S): [ contact info below not for publication online or in print ] Julie Thompson of ForeclosureRepos.com +1-646-502-9455 juliethompson @ foreclosurerepos.com //Note to editors: * Print-ready images may be requested from the above media contact. ......... Plain Text Copy, and Story Permalink: http://www.Send2Press.com/mediadrome/2009-07-0709-004BP.txt Release PDF: http://www.Send2Press.com/mediadrome/news_2009-07-0708-004BP.pdf Get our full-text news via RSS: http://www.Send2Press.com/RSS2/rss.xml RSS feeds by news topic: http://feeds.send2press.com/idx_RSS.shtml Add our news to your blog or Web site automatically: http://feeds.send2press.com/ ......... Text provided by news source (and/or the source's authorized agency), who is solely responsible for accuracy and legality of content transmitted. Information is believed accurate but is not guaranteed. ......... This news story from Send2Press Newswire may be redistributed and re-posted in part or in whole by members of the media. Copr. (c) Send2Press, a unit of Neotrope(R). For news aggregation sites, blogs, and bureaus, you must retain Send2Press as the original wire service source. You may capture and self-host images linked to in above release, but do NOT stream from our server. ......... The original version of this release was issued on behalf of the above organization (the "news source"), by Send2Press(R) Newswire, a service of Neotrope(R). http://www.Send2Press.com/ ......... JULY 2009 Press Release / B-NAT US=(NY) / pre = / ytv = / agency = () / prt = new /END/