Foreclosure rates good news and bad news report...Looks like the hardest hit cities are slowing down but the virus is spreading to other parts of the nation. Here in Irving Texas we are seeing an increase but no where near what other cities are going thru.

The top ten are still dominated by California, Nevada and Florida. The #1 spot goes to Las Vegas...whatever happens in Vegas yada yada yada..One in 20 homes are in foreclosure in Las Vegas an increase over the 3rd quarter of 2008 of 53%.

Rich Sharga , a vp with Realty Trac says that "Foreclosure activity is spreading from primary cities into secondary areas...it moving into outlying regions."

Top 10

1) Las Vegas

2) Merced Calif

3)Cape Coral Calif

4) Stockton Calif

5) Modesto Calif

6) Riverside Calif

7) Barersfield Calif

8) Vallejo Calif

9) Reno Nevada

10) Port St. Lucie Fla

If you are looking for Foreclosed Homes For Sale In Irving Texas, email Pat OReilly Irving Real Estate Agent. You need to hurry if you are interested in these homes for sale in Irving. These Foreclosures are saling quickly. Go to patohomes to get a Free list of foreclosures in Irving, Dallas Fort Worth and all of North Texas. If you are looking for a Home For Sale in Irving, this is a great time to be a home buyer. Time is running out on the $8000 tax credit for First Time Home Owners. The program ends on December 1st. To qualify for the $8000 Tax Credit you have to close on your home by December 1st. In order to do this you should have a contract into your mortgage lender no later that November 7th. There are some lenders out there that may be able to do this quicker but why test it. If there is a problem and the closing is delayed to

 

 

 
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4 Comments on Foreclosure Rates Good News And Bad News

OCT
31
311,442 Points 4 Featured Posts

ToulaRosebrock,com

Hi Pat:

I heard about Las Vegas being number one, but haven't paid attention to 2 thru 10 before...

Very interesting list,isn't it!

8:01am • #1
277,020 Points 7 Featured Posts Outside Blog

Thanks for sharing this data with us. MOre and more homes are being sold at foreclosure steps.

8:12am • #2
120,017 Points Localism Sponsor Outside Blog

Toula and Harry..thanks fvor the comments. My son just bought a home in Reno...not a foreclosure....

8:45am • #3
Outside Blog

Hi Pat!

Thanks for sharing with us.

Glad to see that there were no Arizona cities on the top 10!

However, there has been a suspicious rise in the number of short sales lately and it makes you wonder if there is a tsunami building up out there?

2:28pm • #4

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Pat O'Reilly

Irving, TX

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RE/MAX

Address: 1800 Market Place, Irving, Tx, 75063

Office Phone: (214) 289-6176

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I write about Homes for sale in Coppell, Irving and all of Dallas Fort Worth and about the life of O'Reilly...Realtor.


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