April 2008

With the foreclosure rate extraordinarily high around the country, foreclosure counselors are in high demand all over to staff the many prevention centers and hotlines being established in many states. This growing demand for foreclosure counselors highlights the growing attitude that many homeowners in danger of foreclosure are taking, and that’s to deal with their situation. This could be a sign efforts to raise awareness about options in the face of foreclosure are working.

There has been an unprecedented increase in North Carolina foreclosures through the last year and experts believe that the trend might continue through in this year, 2008. In fact according to reports and data analysis, it has been noticed that foreclosure activities in North Carolina has been growing at a faster rate as compared to the national average. The fact is that today there are more foreclosure homes in North Carolina than ever before.

Things may be finally starting to cool off on the Texas foreclosure market, as new statistics released show that the total foreclosure inventory for the state is down nearly16% from where it was one year ago in March of 2007. The state currently has roughly 10,700 properties in some stage of foreclosure, and while this is quite high compared to other states nationally, it represents a fairly significant drop in the market, which was one of the hottest around for several years.