Texas Leads the Country in Real Estate Foreclosures

By: Bob Smith

March 2007, Statistics reveal that Texas leads the nation in
having the largest number of foreclosed homes in the nation.
Texas experienced an alarming 38% increase in the number of
foreclosed homes during March 2007 alone. Now, if you are
currently residing in or contemplating moving to the "Lone
Star State", this may mean some good news for you.

Texas is the second largest state in the nation, second only to
Alaska, however, it is the most populous. This may attribute
to why the foreclosure statistics are so staggering. Yet,
residential foreclosures are growing at an alarming rate
across the country. Inflation, the slowdown of the real estate
market, unemployment is all factors in this sad state of affairs.

If you are in the market for a new home in Texas, it may
behoove you to check out the Texas foreclosure listings
available. Since there are several stages of foreclosures, you
may find a dream house in a price range that you can afford.
Many times homes in foreclosure offer tremendous deals. You
may also want to consider purchasing a vacation home, or
investment home when the price and the deal is right. The
first place to find such deals is to subscribe or obtain a real
estate foreclosure listing. There are several avenues to
obtaining such a listing discussed below.

The quickest and easiest was to find a Texas foreclosure
listing is online. Several reputable companies offer
comprehensive, up to the minute listing services. A
subscription is generally necessary, however, there is limitless
opportunity to recoup the nominal subscription rate during
your first transaction.

Secondly, many lenders offer a "snail mail" listing service.
Many times these are free services as they are mailed to your
home. The snail mail listings, unfortunately, can be outdated
by the time you receive them, however, if this is the only
method the particular lender uses for alerting of any
foreclosures, this listing may contain properties not otherwise
found using other online services.

For all Texans current or soon to be, it does not matter the
method you use to find property in foreclosure, it is important
to understand that using Texas foreclosure listings is an
avenue to find property that can potentially save you
thousands of your hard earned dollars.

Foreclosures
 • 
 • 
 • 
 • 
 • 
 • 
 • 
 • 
 • 
 • 
 • 
 • 
 • 
 • 
 • 
 • 
 • 
 • 
 • 
 • 

» More on Foreclosures