As the legislature struggles to find a solution to the rising numbers of foreclosures in California, one representative is now feeling the burden of the problem first hand. California state representative Laura Richardson, a member of the House of Representatives, saw her home slip into default last week after she fell behind on her home [...]

The California Research Bureau came back with the results of a report on the California foreclosures market this week, and officials are now saying that the problem is even more severe than they had previously thought. The report was commissioned by The Assembly Banking and Finance Committee to determine how the economy and citizens of [...]

Foreclosure tours are the newest trend in the marketing of the huge inventory of foreclosure homes up for sale nationwide, and while the tours were previously mainly seen in foreclosure ravaged areas like Florida, California and Nevada, their popularity is now spreading to other areas of the country as well. This trend shows just how [...]

The Miami foreclosures market continues to boom well into 2008, as the most recent statistics show that the Miami area has the 14th highest rate of foreclosure out of all metropolitan areas nationwide. The current rate in the city tops out at roughly 1 in every 90 homes currently undergoing some stage of the foreclosure [...]

While Hawaii foreclosures haven’t been among the worst in the country, April of 2008 showed a 218% increase over the totals of foreclosure in April of 2007, and officials are expecting the foreclosure inventory in the state to get worse as the year goes on. Falling home values and the rising cost of fuel and [...]

The Iowa foreclosure rate is now up over 120% from where it was during the first quarter of 2007, sparking increasing concern among cash-strapped citizens that 2008 will only make it harder for Iowa residents to keep up with mortgage payments and avoid foreclosure. Foreclosures in Iowa have experienced a steady climb over the past [...]

With just over 1,050 homes in some stage of the foreclosure process during the first three months of the year, Rhode Island’s relatively small market is flooded with foreclosure properties. Many blame the fact that homeowners who get into trouble with defaults now cannot sell or refinance their homes for anything close to what they [...]