BluefoxToday blog : Nevada tops preforeclosure list

Nevada tops preforeclosure list

Heading a ranking of this nature reflects accurately what happened here during the real estate boom days a few years ago. It was then when many homeowners and professional and weekend investors got carried away in the charged atmosphere of fast-rising home prices and failed to hold back in time when the market was about to plunge over the edge. Call it bad timing, poor judgment or greed, it doesn't matter which, but it's still hurting equally bad those who were caught in its ugly repercussions.

On per capita basis Nevada leads the national preforeclosure list with a rate of 4.05, followed by Florida at 2.86, Arizona at 2.05 and Colorado at 2.04, according to Foreclosures.com. These figures alone don't tell much, except that who has the most, who is second and so on. Please click on the link in this paragraph to read the entire article.

_______________________________________________________________________________

Provided by: 

Esko Kiuru
Mortgage, real estate and apartment industry analyst 

www.BluefoxToday.com - syndicated mortgage, housing and property management blog

eskokiuru@gmail.com
My cell: 702-499-1006

Comment balloon 4 commentsEsko Kiuru • November 28 2007 12:56PM

Comments

Thats one statistic that no one wants to be on top of. We are struggling here in Orlando as well.
Posted by Steve Glose, TRC, CIPS, 407-616-7286, Orlando Real Estate, Orla (Keller Williams Classic Group) almost 11 years ago

Steve,

This is a list you rather forget about.

Posted by Esko Kiuru almost 11 years ago

It's possible that if enough astute individuals take advantage of this situation it can be turned around, not soon, but eventually.

Preforeclosure List Review 

Posted by Mortgage Banker X over 10 years ago

X,

There are some signs now that the market is slowly lifting itself off the mat.

Posted by Esko Kiuru over 10 years ago

Participate