Last month held the highest monthly rate of foreclosures since RealtyTrac started tracking foreclosures in January 2005. Approximately one in every 375 U.S. households received a foreclosure filing. That was more than 342,000 households. Wow! That's a 32% jump compared to April of last year.

Warm States Lead in Foreclosures
The warm states of California and Florida had the highest rates overall.

Has the Market Hit Bottom Yet?
Now keep in mind a lot of lenders are behind on mailings and filings, and many don't even know which homes are up for foreclosure because the logistical steps necessary re: the sheer numbers are overwhelming. That means, in my humble opinion, the market is likely considerably worse off than is being reported.

Opportunity for Investors
For the investor, that means opportunity. We need investors to help get the market back on track. Are you investing? If not, do your research and dive in there! Pick up a low-cost foreclosure, roll up your shirt sleeves, and embrace the landlord dying to get out.

Cheap Foreclosures
There are tons of cheap foreclosures in places like Atlanta. Visit Foreclosure-Millionaire.com for data, inspiration and leads.

Ready, set, invest! Good luck!

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