With so many great investment opportunities in the real estate market, buyers should first consider the amazing return potentials offered by California bank foreclosures. For starters, these properties are sold with prices that are just a fraction of what they originally cost. Aside from theses amazing discounts, there are thousands of bank foreclosures in California, which buyers can choose from.

For the first three months of the current year, Illinois recorded 22,121 homes in some stage of foreclosure. Compared to 2006, the state’s foreclosures rate have increased by 61.57 percent, putting
Illinois at the 12^th place among the states with the highest foreclosures rate. As of March, there was 1 foreclosure for every 221 households. Experts are blaming predatory lenders who preyed on borrowers with less than perfect credit records, resulting to the thousands of Illinois foreclosure homes.

The number of foreclosure homes in Georgia reached 22, 391 during the first quarter of 2007. With 1 foreclosure for every 138 homes, the state is considered to have the third highest foreclosures rate. Compared to last year’s data, the foreclosure activity in Georgia has actually decreased by 8 percent. The thousand of Georgia foreclosure homes will surely generate much interest from buyers and investors.

During the first quarter of the current year, Ohio was in the 8^th place among the states with highest foreclosures rate with a recorded 24,204 homes in some stage of foreclosure. This April, the state was ranked seventh with 1 foreclosure for every 640 homes. Real estate investors as well as first time buyers have showed much interest in these Ohio foreclosure homes, primarily due to their very low prices.

For the past 4 months, Colorado has occupied the second place among the states with highest foreclosures rate. During the first quarter of 2007, there were 16,435 homes in some stage of foreclosure. On the other hand, Colorado recorded 1 foreclosure for every 345 homes. Compared to brand new homes, Colorado foreclosure homes will provide you with a considerable amount in savings.

As of April 2007, Michigan now enjoys the fifth place among the states with highest foreclosures rate with 1 foreclosure for every 455 households. The first three months of this year placed the state at fourth place with 29,467 households in some stage of foreclosure. The thousands of available
Michigan foreclosure homes for sale offer real estate buyers and investors with much investment opportunities.

For the first quarter of 2007, Florida had the 6^th highest foreclosures rate. After one month, Florida took the 3^rd spot among the states with the highest foreclosures rate with 1 foreclosure for every 382 households. With the state’s generally food real estate market condition, Florida foreclosure homes have generated much consumer interest and are now in great demand.

After only one year, the foreclosures rate of Arizona has increased by 88.66 percent. The state recorded a total of 11,757 homes in some stage of foreclosure for the first three months of the current year. With thousands of Arizona foreclosure homes available for sale, buyers are presented with really amazing investment opportunities.

As the first quarter of 2007 ends, the number of Texas foreclosure homes reached 39,869. Although the figure is still high, the state’s foreclosure rate decreased by almost 1 percent compared to the same period in 2006. For buyers, it could be the signal to start exploring the golden opportunities offered by these Texas foreclosure homes.

Nationwide, there were over 430,000 homes entering some stage of foreclosure during the first quarter of the current year. Leading the nation is the state of Nevada with 11,514 homes. The state posted a rate of 1 out of every 75 homes. Compared to 2006, the number of Nevada foreclosure homes has already increased by 128.59 percent.