Foreclosures in the rise - big surprise there.

With grim inevitability, foreclosures across America are begining to rise. As house prices fall, ARMS adjust and interest rates rise, people can no longer afford their bubbleloans.

Here are Top 10 States with Homes in Foreclosure October 2006:

1. Colorado 1 out of 337 homes (117 % increase)
2. Nevada 1 out of 389 homes (557 % increase)
3. Georgia 1 out of 449 homes (99 % increase)
4. Michigan 1 out of 623 homes (88 % increase)
5. Illinois 1 out of 632 homes (144 % increase)
6. Florida 1 out of 640 homes (49 % increase)
7. Ohio 1 out of 654 homes (55 % increase)
8. Tennessee 1 out of 668 homes ( 99 % increase)
9. New Jersey 1 out of 675 homes (37 % decrease)
10. Utah 1 out of 718 homes (13 % increase)

The data is curtesy of Realtytrac

1 comment:

Penny Stock Newsletter said...

I have a web site where I give investment advise on penny stocks and stocks under five and ten dollars. I would like to comment about stocks that are attractive as takeover targets. I find that stocks with very low price to sales ratios tend to become takeover targets because of their extremely low valuations. The price to sales ratio for those investors not familiar with this measurement its simply the market cap of a companies stock compared to the amount of sales a company does on an annual basis. Market cap is the value of all the companies shares outstanding multiplied by the market price of the shares. So if a company does say 1 billion dollars in annual sales and the company has a market cap of 100 million dollars this would mean the price to sales ratio is ten to one. a company like this would be much more likly to be taken private or bought out by management or private equity or be bought by another company in the same business that is if the company is in decent shape' simply because the company could be purchased for just 100 million dollars. or maybe a modest premium over the 100 million dollars say 140 million dollars. as opposed to another company in similar condition but with a much higher price to sale ratio.