"Foreclosures" may sound like a great word if you are currently looking to purchase a house. I have a girlfriend who just purchased a house for about $100,000 less than other (similar) homes in the neighborhood because it was a foreclosure.The increase in foreclosures and defaults is largely tied to people with adjustable rate mortgages and subprime loans. The Mortgage Bankers Association reported that high numbers of foreclosures in Florida, Nevada and California are caused by speculators who walk away from their properties since home prices have fallen in those states.
Believe it or not, there are actually foreclosed houses for $50,000. I decided to find out what the top searched U.S, cities for foreclosures are on AOL Search. As you can see Las Vegas is at the top of our list, followed by Atlanta and Houston. If you're in the market for a house, then foreclosures may be a great option for you.
Do you have any foreclosure stories that you would like to share? If so tell us about them. Check out AOL Real Estate and search for foreclosure homes on AOL Search to find listings.
Top Searched U.S. Cities for Foreclosures on AOL Search:
1. Las Vegas Foreclosures
2. Atlanta Foreclosures
3. Houston Foreclosures
4. Miami Foreclosures
5. Orlando Foreclosures
6. San Diego Foreclosures
7. Denver Foreclosures
8. Cape Coral Foreclosures
9. Chicago Foreclosures
10. Los Angeles Foreclosures
More Sponsored Links For: Las Vegas foreclosures, debt consolidation, avoid foreclosure
Reader Comments (Page 1 of 1)
1. Paris Hilton NAKED again:
http://celebritiesvidz.com/videos.php?v=Paris_Hilton
Posted at 8:08PM on May 4th 2008 by Tim
2. Lot of boarded up houses here in Chicago, and the number is growing.
http://1stbadcreditrefinance.blogspot.com/
Posted at 1:08AM on May 5th 2008 by zoom56okdavid
3. Our house is in Foreclosure...Not something we wanted to do. We weren't one of those that ran out and got a loan and then couldn't afford the payments.
We had lived in the house for years. What we did was take out a 2nd. And we were doing fine, til my husband and I were in a motorcycle accident. We just listed the house and put it up for sale not long after the accident happened.
Due to the accident, we both lost hours on the job due to doctor appts., surgeries and physical therapy,etc. And the pain that we were experiencing also kept us from working, we kept working til it was just too much and had to have surgeries. In fact,
I was supposed to have more. But due to fear of my losing my home and my job I had to pass it up.
We also tried working with Chase. But all they did was be rude and harass us and would NOT work with our
Realtor on doing a Short Sale. They wanted to FORCE closure.
We then found ourselves have to file for bankruptcy,
Chapter 13 due rising medical bills.
Little did we know that are responsible for things that Chase refused to take over. The house has been turned over to Chase. And yet, we have to pay property taxes and they want us to reinsstate the Homeowners insurance.
When the house was listed as a Short Sale, we had interested buyers, but Chase would not respond back.
Which not baffled our Realtor, it did us as well.
Why aren't banks being held accountable for their actions?
There is so much proof going around from other homeowners of what banks are doing. It seems the Government would rather help the banks and NOT the homeowners.
We are still being screwed by Chase. It makes us wonder how long they will sit on the house in order to make US pay for property taxes and whatnot when they are the ones that now own the house?
I feel sorry for my neighbors who have to put up with looking at house that no one lives in now and is being let go. Chase claims they will care for it.
Yeah, right.
Posted at 2:40AM on May 5th 2008 by Michele
4. Interested in a free foreclosure list for the aytona beach area. Email me at jessmorford@aol.com
www.yourfloridarealtors.com www.flpreforeclosurerealtors
Posted at 5:52AM on May 5th 2008 by Jessica
5. For the couple who dealt with Chase, please find out if you may file a complaint with the banking regulators. THis is above and beyond injury to you and the economy. I feel for you. Even if your house is gone, try to file formal complaints with the regulators in the financial industry. (Federal trade commission too?)
Posted at 11:27AM on May 5th 2008 by susie powell
6. For the couple loosing their home..I'm sincerly sorry for what you are going through, though I completely understand. My family is in some what a familure situation. My parents are going to be loosing their home, not because they got a house they couldnt afford...they've lived in their home for 10 and a half years now, recently their morgage was sold to another company and witht his company they don't offer fixed rates so my family's house payment which started at $650.00 a month has recently gone up to $950.00 and in the month of June will be going up again to $1,100.00 and they simply just can not afford it anymore. They've tried refinancing with someone else but in order to do so they have to have thier morgage sold again and many companies are willing to take that one due to the amount of foreclosers lately...
I just want you to know its unfair and a bunch of bullshit! It isnt right so many people are loosing their homes becaue certain morgages companys can't handle their business, end up going out of business, and sale their current clients morgagaes to another company.
Best of luck!
Posted at 5:08PM on May 27th 2008 by Ashley