The number of foreclosed homes increased by 25% to nearly 280,000 in October this year from October 2007, according to foreclosure tracking company RealtyTrac.
The increasing number of foreclosed homes in Florida have crushed thousands of lives but created an opportunity for realtors who became inventive in their strategies to attract homebuyers.
Bankruptcy houses for sale and foreclosed properties remain high in Illinois, with foreclosure filing numbers expected to add further to foreclosure activities in some counties.
Of the great number of foreclosure homes, a significant number are from those scammed with toxic mortgages that strip homeowner's equity. Yet, only a few are given criminal charges.
Homes foreclosed surged in Colorado by nearly 12 percent in November from the same month in 2008. Foreclosure filings rose to 2,802 in November while actual foreclosures dropped to 1,512.
San Francisco home foreclosures pushed up total home sales in December last year as 32.3 percent of all homes resold during the month were foreclosed houses. The sales performance marked the highest sales volume for the month of December since 2006.
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