Residents are scrambling for alternatives. Some homeowners have been helped with their mortgage and financial needs such as loan modifications and protection from foreclosure, and learning how to stop the harassing phone calls from lenders. Many have fallen prey to deed fraud and mortgage rescue scams as they try to modify their loans.
Some counselors teach residents foreclosure prevention and how to identify the company holding their mortgage, and how to navigate the legal process to achieve loan modification and renegotiate affordable loan terms. In any event, people are hungry for answers and the clock is ticking on their due notices.
ForeclosureRepos.com reported that of the 5 states that showed the biggest rise of foreclosures, the least amount was over 12% from just 30 days earlier.
Top 5 states with the biggest growth of foreclosures in June/2009 compared to May/2009:
1) 10.16% growth - Washington
2) 9.62% growth - Vermont
3) 8.79% growth - Mississippi
4) 8.23% growth - Delaware
5) 7.97% growth - Kansas
5 states that reported the biggest reduction of foreclosures in June/2009 compared to May/2009:
1) 16.29% reduction - Colorado
2) 10.13% reduction - Connecticut
3) 8.48% reduction - Massachusetts
4) 7.89% reduction - New Jersey
5) 6.92% reduction - Nevada
Arizona, Texas, and Illinois had some of the top 5 cities reporting the biggest growth of foreclosures in June/2009 compared to May/2009:
1) 32.15% growth - Mesa, AZ
2) 20.48% growth - Jackson, MS
3) 15.38% growth - Austin, TX
4) 12.30% growth - Tacoma, WA
5) 11.67% growth - Chicago, IL
The top 5 cities where the biggest reduction of foreclosures occurred in June/2009 compared to May/2009 were primarily in Colorado:
1) 21.60% reduction - Aurora, CO
2) 20.91% reduction - Colorado Springs, CO
3) 16.62% reduction - Denver, CO
4) 15.33% reduction - Minneapolis, MN
5) 13.73% reduction - Dallas, GA
