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Foreclosures up 75% in 2007


As stated by MSN Money,

“More than 1% of all households slipped into foreclosure in 2007, as more borrowers failed to keep up on their mortgages. Nevada led the nation with the highest foreclosure rate, while California had the highest total number of foreclosures.”

Read the full story from MSN.com

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And the Award for “Largest Decrease in Home Values” goes to…


Here are the 10 top cities for decreasing property values (as compared to a year ago):

  1. Sacramento, CA (-18.5%)
  2. Las Vegas, Nev. (-17.2%)
  3. San Diego, Calif. (-17.1%)
  4. Tampa, Fla. (-11.7%)
  5. Los Angeles, Calif. (-10.7%)
  6. Miami, Fla. (-10.6%)
  7. Phoenix, Ariz. (-9.5%)
  8. Jacksonville, Fla. (-8.7%)
  9. Detroit, Mich. (-7.7%)
  10. Atlanta, GA (-7.1%)

Click here for the full slideshow from Forbes…

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If you are interested in contacting any of our Market Specialists for free counseling, email Customer Support or call at 1-800-881-1479

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