According to a report issued August 25, Tolleson and Litchfield Park in Arizona were hit hardest by foreclosure crisis in the first half of 2008, when compared to the same period in 2007. Find Arizona Foreclosure Listings right now, or read on.

“Among Maricopa County cities, Tolleson led with the largest percentage increase in foreclosures and pre-foreclosures during the first half of this year compared with the same period in 2007.

“Foreclosures in Tolleson were more than 600 percent higher while more than 300 percent more foreclosure notices were handed out. There were 352 foreclosures in Tolleson from January through June, compared with 46 for the same time last year.


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Source: “Tolleson, Litchfield Park have highest foreclosure increase” by Grayson Steinberg for the Arizona Republic. Copyright 2008.

If you’re not already a RealtyStore member, you can sign up here. Take advantage of the current real estate market before the best deals are all gone.

5 new rules for home buyers

Rule 1: You can’t time the bottom

Rule 2: One reason to buy now – mortgage rates

Rule 3: Another reason to buy – rates on big mortgages

Rule 4: Don’t buy cheap; buy good schools

Rule 5: Make sure your agent has your interest at heart

Cited from Money Magazine

…. and don’t forget …

Rule 6: BUY A HOME IN FORECLOSURE

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U.S. House Approves Democratic Anti-Foreclosure Bill

“The U.S. House of Representatives approved legislation to let the government insure up to $300 billion in mortgages to help homeowners avert foreclosure over White House objections the measure would force the government and taxpayers to take on excessive risk.

The House voted 266-154 for the housing package offered by Massachusetts Democrat Barney Frank. The measure would have the Federal Housing Administration insure refinanced mortgages after loan holders agree to reduce principal to make payments affordable.”

Read more:
http://www.bloomberg.com/apps/news?pid=20601087&sid=aRtzYp_OzosY&refer=home

Foreclosure Investors: $7000 TAX CREDIT ~ Senate Takes Up $15 billion housing fix

“The proposed measures include funding to help borrowers refinance unaffordable loans and help boost activity in neighborhoods with properties in foreclosure. Also in the bill is a tax break for homebuilders, as well as a new tax credit and deduction for homeowners and home buyers. The package also contains measures to make loans that are insured by the Federal Housing Administration – which helps borrowers with weak credit or little or no cash for a downpayment – more accessible.” Read more:
http://money.cnn.com/2008/04/02/news/economy/housing_bipartisan_draft/?postversion=2008040320

If your a real estate agent looking to gain from the foreclosure crises then check out:
Foreclosure Website Announces Free Advertising for Real Estate Agents

If your a homebuyer or investor check out:
RealtyStore – Find Foreclosures in your neighborhood

Check out Foreclosure Investing Guide: Foreclosure Buying and Investing Tutorial and Foreclosure Index Tools

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Stop by and view what other people are talking about in the foreclosure industry.

http://www.topix.com/forum/business/foreclosures

FED Offers Free Foreclosure Hotspot Map

Dynamic Maps of Nonprime Mortgage Conditions in the United States

: FED Offers Free Foreclosure Hotspot Map http://www.newyorkfed.org/mortgagemaps

If your looking for foreclosure properties by state map then search RealtyStore Foreclosure Map here.


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Foreclosure Fear – Video… Interesting how CNN uses “fear” .

http://money.cnn.com/video/#/video/news/2008/03/18/
news.dornin.031808.foreclosure.cnnmoney


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How did we get into this foreclosure mess?
“I have lived through three foreclosure crises, although I missed the big one during the Depression, when in 1933 the country was facing 1,000 foreclosures a day. In the 1980s, the problem was fed by the savings and loan scandals; in the late 1990s, the scourge known as “flipping” was to blame. The present crisis is the result, in great part, of the explosion of subprime mortgages….” http://www.baltimoresun.com/news/opinion/oped/bal-op.foreclosures30mar30,0,4693643.story

Download and view free foreclosure ebooks at Docstoc.com

Foreclosure Tutorial ebook – Get more free documents


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 ” She said in an earlier news release that “aggressive action” is needed to help families avoid foreclosure, a problem she blamed for exacerbating the nation’s economic woes” ..

Clinton pushes for restructuring, new thinking on foreclosure crisis

http://www.freep.com/apps/pbcs.dll/article?AID=/20080324/NEWS07/80324028

March 19, 2008, RealtyStore.com – We have officially re-launched our website offering new foreclosure services.

Here are our new features:

Redesign:
We’ve updated the look and feel of our website and created an easy to use interface.

Listings Page:
You can now search for foreclosures by State, County, City and Zip with any difficulty.

Research Page:
We give users free access to any of the US 51 states Foreclosure Index.
Have a question about foreclosure Laws in you state? Well now you can view Foreclosures Laws by State.
Use our Foreclosure Glossary for a better understanding of foreclosures and the real estate industry.
We’re reinvented our Foreclosure Tutorial to add The Foreclosure Learning Center

News Page (updated daily):
Read up-to-date Mortgage News on our Finance page as well as find a loan program.
We’re tied in our Real Estate News data giving home buyers in-depth articles on the housing market.

Micheal J Jackson has been late on his payments for his Santa Barbra estate worth $24.5 million. His land and all belongings are going up for foreclosure auction on March 19, 2008

Read more here… http://news.yahoo.com/s/ap/20080229/ap_en_mu/michael_jackson