Foreclosure Deals' Report Is Valuable Tool for Real Estate Investors

| From
Foreclosure Deals

MIAMI, Fla. (SEND2PRESS NEWSWIRE) -- Foreclosure Deals, the leading online marketplace for foreclosure properties, has compiled important data for the second semester of 2009; it releases statistics on foreclosure information throughout the U.S. This is valuable information for people who want to invest in foreclosed homes for sale.

Most importantly, the report found that foreclosure activity, for three months in a row, is slowing. It also revealed that foreclosure activity was down three percent when compared to September, but still up 19 percent from October 2008.

According to Foreclosure Deals (, the states with the highest number of foreclosed homes for sale were: Nevada, California and Florida. However, the good news is that a new foreclosure mediation program implemented in July by Nevada state law may be slowing the inflow of troubled properties in Nevada.

Other states with foreclosure rates ranking among the nation's 10 highest were Arizona, Idaho, Illinois, Michigan, Georgia, Maryland and Utah. Out of all 10, four states account for more than 50 percent of the nation's total foreclosure activity in October: California, Florida, Illinois and Michigan.

Again, some good news here, though short term, was that a recent Illinois state law provided weary homeowners additional time to seek counseling to avoid foreclosure. In April, after the law went into effect, Illinois foreclosure activity decreased for three months in a row before climbing again.

When it comes to specific metro areas, Las Vegas came out on top in the area of foreclosed homes for sale with populations of at least 200,000. In fact, Las Vegas was more than five times higher than the national average.

So, what methodology was used to compile this data? The Foreclosure Deals report provides a count of the total number of properties with at least one foreclosure filing entered into the Foreclosure Deals database during the month - broken out by type of filing by state, county and metropolitan statistical area.

"Data was collected from more than 2,200 counties, nationwide, and those counties account for more than 90 percent of the U.S. population," James Foxx, real estate analyst for Foreclosure Deals, explains.

About Foreclosure Deals:

Foreclosure Deals provides real estate investors with a huge database of up-to-date foreclosure listings throughout the U.S.; listings are refreshed daily. Cheap foreclosure listings are readily available in all regions.

Foreclosure Deals also offers customer support service to real estate investors who navigate its impressive database of foreclosed homes.

To learn more, visit: .

News Source:
Like, Share, Save this press release:
  TWEET   SHARE   G+   PIN IT   STUMBLE   LinkedIn   Instapaper   Buffer

The content of the above press release was provided by the “news source” (Foreclosure Deals) or authorized agency, who is solely responsible for its accuracy. Send2Press® is the originating wire service for this story and content is Copr. © 2009 Foreclosure Deals with newswire version Copr. © 2009 Send2Press (a service of Neotrope). All trademarks acknowledged.

Rights granted for reproduction by any legitimate news organization. However, if news is cloned/scraped verbatim, then original attribution must be maintained with link back to this page as “original syndication source.” Resale of this content for commercial purposes is prohibited without a license. Reproduction on any site selling a competitive service is also prohibited. Information is believed accurate, as provided by news source or authorized agency, however is not guaranteed, and you assume all risk for use of any information found herein/hereupon. This work is licensed under a Creative Commons Attribution-NonCommercial 3.0 Unported License.
STORY READS for this single page only, as of Oct 27 2016:
[ count retired 8.4.16 ]

Real Estate, Miami Business, or: Search

back to top
REFERENCES: Foreclosure Deals, real estate investors, online marketplace for foreclosure properties, Foreclosure Deals, foreclosures, report, study, housing market, real estate, bank owned, economy, Miami Florida business, database, real estate investors, Brivin, expert James Foxx, homes, houses, news, press release from Foreclosure Deals, Dec 8, 2009, Real Estate, , , , , Foreclosure Deals' Report Is Valuable Tool for Real Estate Investors