After 2006, many thought the Colorado foreclosures couldn’t get much worse. During that year, the state experienced a 30% increase in the amount of defaults filed since 2005, and although many expected they hadn t seen the end of this trend, few could predict what was to come in 2007. Only nine months into the year, the number of Colorado foreclosure homes matched the total for the previous year, topping out at over 28,950 homes entering some stage of foreclosure or default.

Maryland Foreclosures Scene Bleak as Inventory of Foreclosure Homes Continues to Rise
The escalating situation for Maryland foreclosures has caught the attention of local lawmakers, who recently vowed to take steps to combat the surge in Maryland foreclosure homes after 7000 residents lost their homes to mortgage debt during the third quarter of 2007.

South Carolina Foreclosures on the Rise
The market for South Carolina foreclosures is certainly growing, as the state experienced significant growth in its foreclosure rate over 2007, much like rest of the southeastern region of the country. Bankruptices across the state, due almost entirely to the high costs associated with mortgage payments, were up 18% in 2007, leading to a huge surge in the amount of South Carolina foreclosure homes on the market.

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Massachusetts Foreclosures up 70% in 2007
Despite a drop during the month of November, Massachusetts foreclosures on the whole were on the rise in 2007, surging roughly 70% above their 2006 levels at the end of the year.

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