While the rest of the country is experiencing a surge in the foreclosure market, Pennsylvania foreclosures have fallen dramatically since the end of 2006, bucking the national trend. New data suggests that the foreclosure situation in the state is beginning to right itself, as the number of new Pennsylvania foreclosure homes has fallen steadily since August.

Texans See Rise in Texas Foreclosures and a Rise in Interest at Foreclosure Auctions
With Texas foreclosures rising to near record highs in many parts of the state, foreclosure auctions in the area have become a big draw for homebuyers and real estate investors. Looking to capitalize on the chance to buy Texas foreclosure homes for discount prices, many buyers are attending auctions, buying bank foreclosures and trying to invest in these lucrative chances for real estate profits.

Michigan Experiences Drop in real estate Foreclosures During January
While much of the nation is geared up for 2008 to be the worst year on record for real estate foreclosures, Michigan, traditionally near the top of the list for state’s with the worst foreclosure rate, experienced a substantial drop in property foreclosures during the first month of the year.

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Maryland Governor Passes Emergency Resolution Requiring Lenders to Inform State about Potential Foreclosures
In reaction to the rising foreclosure rate of foreclosure all over the state, Maryland Governor Mike O’Malley announced a new emergency order Tuesday requiring mortgage lenders to notify the state ahead of the homeowner when a default is going to be issued on a delinquent mortgage. The legislation is intended to give local authorities a chance to offer help and assistance to the homeowner before the process begins, so that they will be better prepared and more equipped to avoid an eventual foreclosure.

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Florida Foreclosure Task Force Founded
Following the lead of several other governors and state representatives around the country, Florida Governor Charlie Crist announced Wednesday the formation of an anti-foreclosure task force to combat the rising levels of foreclosure homes across the state.

Virginia Foreclosures Finally on the Rise
While Virginia foreclosures have remained at comparatively low levels to other states during the recent foreclosure boom, over the course of 2007 the number of Virginia foreclosure homes coming onto the market increased substantially, and that could spell good news for potential investors.

North Carolina Foreclosures More than Double in 2007
North Carolina foreclosures soared to new heights in 2007, making them one of the states with the highest jumps in foreclosure rate in the past year. During the period between November 2006 and November 2007, the amount of North Carolina foreclosure homes rose over 143%, which is a staggering figure, even for the foreclosure plagued southeastern region. The state still fares better than the national average however, which stands at about 1 foreclosure per 600 households. North Carolina averages roughly 1 foreclosure for every 1000 households.

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