Etowah County Foreclosed Homes Climb In November

There is a common denominator between Etowah County foreclosed homes (in Alabama) and 78526 forclosures (in Brownsville, Texas)

. Foreclosure rates in the two areas rose in November. Those defied the nationwide trend, wherein foreclosure dropped in the country and in most states. Thus, homebuyers logically get the idea that there are more opportunities to buy foreclosed homes at more reasonable costs across such areas.

Etowah County foreclosed homes in November reflected the trend in the state for November, according to data released by a property research firm. In Alabama, there were 2,754 foreclosed home filings in the month. It was estimated that there was one household for every 784 houses in the state that fell into foreclosure. That ratio placed Alabama in the list of states with highest foreclosures in the month. It ranked 23rd.

The volume of Etowah County foreclosed homes and overall foreclosures in the state rose 39% from October. It was up 28% compared to the number of foreclosures in November 2009. This is in stark contrast with the nationwide figures. Foreclosures across the entire US dropped 21% from October and fell 14% compared to volume in same month in 2009. Nationally, there was one foreclosed home for every 492 houses.

Nevada topped the list of states with the highest foreclosure rates last November. One in every 99 households in the state was facing foreclosure at that time. Meanwhile, the state with the slowest foreclosure ratio was Vermont. The state had just 10 foreclosures in November. Thus, one in every 31,000 homes was put to foreclosure there.

The situation in Etowah County foreclosed homes was not different from the condition involving 78526 forclosures in Texas. The Lone Star States foreclosure in November rose albeit at a slower pace of just 2.8% from October. A household in every 713 homes in the state fell into foreclosure during the period.

Keep on checking out BuyForeclosuresSale.com for more updates about 78526 forclosures and Etowah County foreclosed homes.

by: Dywon Marck Taylor

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