Carlsbad, CA (PRWEB) February 2, 2008
Foreclosures on Net, a California-based foreclosure investments site, has noticed a sharp increase in the number of listings in their database recently. This drastic rise in foreclosure listings is no anomaly, either. A firm that tracks home foreclosures just released a report showing that the number of home foreclosures went up by 75 percent in 2007.
The best states to find foreclosure investments at the moment are Arizona, California, Colorado, Florida, Georgia, Illinois, Indiana, Michigan, Nevada and Ohio, according to Foreclosures on Net. California is a particularly fruitful source of foreclosure listings, with 481,392 filings on 249,513 properties in 2007.
The firm that released the report, Realty Trac, stated that 2.2 million new home foreclosures were filed in 2007. While this is problematic for the people who lost their homes after being unable to make their increasing mortgage payments, the large number of foreclosure listings presents welcome opportunities for investors. Many first time buyers are also able to purchase low-cost properties as a result of repossessed homes and foreclosure auctions.
For more information, visit http://www.foreclosuresonnet.com
About Foreclosure on Net:
Foreclosuresonnet.com offers useful resources and a wide range of information on home foreclosures. In addition to their vast database of foreclosure listings, Foreclosures on Net provides useful information and expert help or advice for making foreclosure investments. With their help, anything is possible when it comes to buying foreclosures or auctioned homes.
Foreclosuresonnet.com has a vast amount of informative resources that can help people with all levels of experience, whether they're a first-time homebuyer or a seasoned investor. Buyers will find lots of helpful information and articles concerning the basic home buying procedure, foreclosure laws by each state, a list of foreclosure auctions, how to stop foreclosures and more. With their help, buyers can work on calculating costs to get the best values out of a bank-owned property investment.
Their foreclosure listings are compiled daily from all over the nation. Members constantly have access to these updated lists from banks, lending institutions and even government foreclosures available from federal agencies. Buyers have many options when it comes to buying foreclosed properties, which are all available from Foreclosures on Net.
Carlsbad, CA 92008
Foreclosure on Net
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