Five States Represent 66 Percent Of Foreclosure Activity

Bargain Network reported this week based on estimates that U.S. home foreclosures are on the rise. Foreclosures represent a growing opportunity for investors and first-time home buyers looking to enter specific markets. Foreclosure activity in September 2006 showed an estimated 103,000 properties entering some stage of the foreclosure process during the 30-day period. Five states -- Florida, California, Michigan, Texas and Colorado -- accounted for an estimated 66 percent of September's foreclosure filing action.