Foreclosure Listings on Web site Reach Record Numbers

RISMEDIA, Dec. 7, 2007-Listings of foreclosures on newforeclosureonline.com reveal all-time highs for country foreclosures. According to the site, numbers show that filings have nearly doubled since last year, but have leveled off in the last two months.

More homeowners were reported to have lost their homes in October of this year as compared to a year ago. Nevada, California, Florida and Ohio recorded the highest foreclosure rates, experts said from New Foreclosure. New Foreclosure Online is a specialized foreclosure listing company that also provides solutions to anyone that is threatened to lose their home.

As of the end of October, 224,451 foreclosure filings were reported, up 94% from 115,568 in the same month a year ago, according to Irvine-based RealtyTrac Inc. The national average is said to be set at one foreclosure for every 555 households in October, also according to RealtyTrac, Inc. In all, 45 states saw an increase in foreclosure filings since last year.

Among the top of the list of states with increased foreclosures were Nevada, California and Florida. Nevada reported one foreclosure filing for every 154 households, earning the state the highest rate in the nation for the 10th month in a row. The state had 6,618 filings in October, nearly triple from October 2006. California’s rate beat out Nevada with one filing for every 258 households. The state reported the most foreclosure filings of any single state with 50,401, down 2 percent from September but more than triple the number from October of last year.

Florida had one foreclosure filing for every 273 households and had reported 30,190 foreclosure filings in October, down more than 9% from September, but up nearly 165% from October 2006′s total. Rounding out the states with the top 10 foreclosure filing rates in October were Georgia, Michigan, Colorado, Arizona, Indiana and Illinois. New Foreclosure Online has responded in many ways to help homeowners find better solutions.

For more information, visit www.newforeclosureonline.com.