Foreclosures in California, Florida, Arizona and Nevada

The number of U.S. foreclosures went to a record high. This was primarily driven by the huge impact of California, Florida, Arizona and Nevada. These four states alone together accounted for about 46 percent of the foreclosures in this country in the first quarter.

Many are now taking advantage of the low interest rates on mortgages and some are stepping in to buy these foreclosures in States like California, Florida, Arizona and Nevada because of the great deals that can be obtained on buying these foreclosures and the future profits once the market turns around. We will be talking about Foreclosures over the next few weeks in short posts as to the status of bank foreclosures and short sales throughout the United States and give you the latest news.

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