Foreclosures Auctions
Foreclosure auctions are being held across the nation with no hopes of any quick recovery in sight. The number of houses being sold through foreclosure auctions has jumped to 40,134 which is a 108.40% increase since last year. This goes to show that the bail out plans pumped into the economy by the Obama administration have failed to have any impact in the real sense.
It is true that some states Kentucky and South Carolina have put a considerable number of foreclosures on hold with the hope that home owners may qualify for loan modifications through the stimulus programs. Most other states however have no other option but to put up foreclosed homes on auctions.
Washington has been painted a dark red on the maps of all foreclosure sites meaning it has a high number of foreclosure auctions going on. Cowlitz and Gnomish seem to have the highest properties up for bay within Washington. Situated right next to Washington is Oregon with an equally high number of foreclosure auctions. The Jackson, Jefferson and Deschutes areas are the most popular places where investors should look to.
Travel down south and Nevada too has a host of auctions being conducted. The regions of Nye and Clark have the highest number of foreclosures; whereas the number has significantly dropped in Pershing. Arizona too is counted amongst the most popular foreclosure sites. The large strip of Mohave has about 1750 properties going up on auction alone. Similarly Maricopa, which is one of the most popularly searched regions, has a staggering 45905 properties to offer. Pinal too seems to be very promising in terms of the properties it has to offer.
On the other end of the map Georgia is one place that still has hoards of houses going up on auctions. Polk, Fulton and Hall in particular have been colored dark red denoting a large number of foreclosure auctions. Michigan, Virginia, California, Illinois, Minnesota and Montana are other states where property can be picked up on discounted prices through foreclosure auctions.
