More Foreclosure Stats – August 2007

National Highlights: Foreclosure activity increased 36 percent from July, 2007. Foreclosure activity increased 115 percent from August 2006. REOs increased 59% month over month, the biggest increase of any of the three foreclosure categories (Default, Auction, REO). State and MSA Highlights: Nevada, California and Florida posted the top three state foreclosure rates. The states with the most total foreclosure filings were California, Florida, Ohio, Texas, and Michigan. California cities accounted for six of the top 10 metro foreclosure rates. California cities accounted for six of the top 10 metro foreclosure rates. Other top 10 metro foreclosure rates were Detroit, Fort Lauderdale, Las Vegas, and Cleveland.

About Michael Stark

Licensed in both Nevada and California, Michael specializes in commercial, industrial, triple net, and residential income property sales. Since 1996, Michael’s specialty has been as a buyer’s broker and tenant's broker. Michael is best known for his custom tailored service helping 1031 investors find replacement properties. Another core specialty is helping sellers market and maximize the return on their property. From 2010 to 2020, Michael served as the Program Chairman of RIAOC (Realty Investment Association of California) booking over 400 speakers. Michael also served as a board member of the Newport Beach Association of Realtors MLS Committee. NV Broker Salesperson License #0146705, CA Broker License #01207862

By Michael Stark | September 18, 2007 | Categories: Blog, Miscellaneous |