News sources are reporting that the proportion of home sales resulting from foreclosure are up in almost every state. Particular rises have been seen in California, Tennessee, Michigan, Colorado, Nevada and Ohio, though the trend is nationwide.

In some districts, half of all home sales are now due to foreclosure. This is the result of the weak housing market - those who don't have to sell their homes are taking them off the market, as they can't get a good price; this leaves proportionally more and more of the homes for sale being forced foreclosure sales, where the owners do not have a choice.

While these foreclosures are a tragedy for the former home owners who have defaulted on their payments, they are an opportunity for investors or purchasers to buy property at reduced prices. You may be in the position to take advantage of the current flat real estate market, which was caused by the lax lending standards of the banks. These same banks are now cutting prices on the foreclosed properties, as they simply don't want to hold them.

So how exactly do you find these foreclosure homes for sale?

One method is to sign up with an online service that will give you a database of foreclosures which is updated weekly.

Internet-based foreclosure companies charge a small fee for providing you with listings of foreclosure properties. But why not just search yourself? Well, the listings companies believe that it takes a lot of expertise and time to find and to build accurate national or state-based foreclosure lists. As their fees are very low (about $40 for a year's access to their lists), you may find this is the quickest and easiest method of finding foreclosures.

So what do you get when you sign up for such an online foreclosure listing service? Using such a service, you can see what homes in foreclosure are available and what is of interest to you in the state, city or area you want. Such services normally provide extra details of each property, including things like the address, type of property and its size, the listing price, the appraisal value, and the seller or agent name, or the auction date and time if the home is being auctioned.

More info on your stop foreclosure information search:

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