There are at least five reasons why Florida foreclosures are popular to foreign property investors. Among these is the continued surge in state foreclosures, as shown in the 29-percent increase in filings to more than 153,000 in the first quarter.
The number of foreclosed homes for sale in Illinois in the first quarter was still relatively high despite the slowdown in foreclosures during the quarter. The total of REOs during the quarter reached 14,989 units.
The pace of Stockton home foreclosures was the second highest in California in January this year, based on data from a California foreclosure research firm. Stockton posted a foreclosure rate of one out of every 107 units in January.
The still rising number of Dearborn foreclosed homes have been making the city among the most affordable cities to buy a home. Almost 5 percent of all residential mortgages in the Dearborn area were in foreclosure in February.
Orlando foreclosures for sale dropped slightly in October, but the number is still high. Nearly 7,600 foreclosure filings were posted in the Orlando metropolitan area in October.
Foreclosed homes listings in Fall River have not been rising as fast as in other Massachusetts cities because of the city's community programs. In contrast, foreclosure activity statewide increased in October.
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