Foreclosure Flipper

I hope everyone has a wonderful Thanksgiving break.  I was visiting family in the Boston area. As we all know Thanksgiving is a time to recognize that which you are thankful for so I’ve devised a list of the top ten foreclosure related things that I am thankful for.  Not in any particular order here they are:

                  This year I am thankful that:                                                                     

                                   1) Detroit’s foreclosure rate of one new foreclosure filing for every 80 households was more than 4.5 times the national average.

                                    2) Fort Lauderdale’s foreclosure rate ranked second highest in the nation among major metropolitan areas, with one new foreclosure filing for every 88 households – more than four times the national average

                                    3) The Denver region posted the third highest foreclosure rate among the country’s 100 largest metropolitan areas during the third quarter of 2006.

                                     4) Miami ranked fourth, with one new foreclosure filing for every 91 household, although many of the properties entering into foreclosure in South Florida do not move through the entire process.

                                     5) Foreclosure postings in the Dallas area have surged in the past two years, and the city’s foreclosure rate consistently ranks among the nation’s highest.

                                      6)  Indianapolis is a big automotive industry supplier that has suffered economic setbacks, and falling home prices.

                                      7) In Fort Worth, the median price of a home sold in October – $143,000 – is down 3 percent from last year, according to the North Texas Real Estate Information System.

                                      8.  Atlanta ranked eighth in the country in foreclosure rate, reporting one new foreclosure filing for every 107 households – more than three times the national average.

                                      9) Experts say Las Vegas is outpacing the national rate as homeowners succumb to rising adjustable interest rates.

                                      10) Memphis rounded out the Top 10 list with a foreclosure rate of one new foreclosure filing for every 144 households.

In case there was ever a question, I’m going straight to hell in a hand basket.  See ya’ll there!