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Nevada is leading the way in this with one in every 62 housing units receiving foreclosure notices in the past couple of months,even though it is 8 percent down from the previous month. The total of 17,902 Nevada properties has received foreclosure notices in one month period.
Other states that follow are California,Florida,Michigan,Arizona,Idaho,Utah,Colorado and Illinois that have the highest foreclosure rates. Within these California leads the way in terms of figures per size of population with 92,326 properties receiving foreclosure fillings from the banks.
As there is huge profit margins to be had in foreclosure properties,one has the potential to gain profits anywhere between 20%-40% under market value. This makes foreclosures so attractive for at least another six to nine months. This is what makes it so appealing for the investor to cash in on substantial profits.
A newly launched free foreclosure listings blog provides important information and strategics for potential investors. It covers every element needed for investors in foreclosure homes. Features like tax lien foreclosures,mortgage foreclosures and investment costs and much more.
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