In just a year, the number of foreclosures in California has increased by 172.86 percent. The state now holds the 5^th highest foreclosure rate position with 1 out of every 152 homes entering some stage of foreclosure. With the large inventory of California foreclosure homes for sale, buyers are taking advantage of the great investment opportunities that these homes offer.

The number of Florida foreclosure homes entering foreclosure is still increasing. As the first quarter of this year ends, there are already 22,121 foreclosure filings recorded, a 61.57 percent rise from the same period in 2006. The high Florida foreclosure homes rate and its impact on the local real estate market condition are definitely worrying [...]