Georgia Shoots To Number One In Foreclosures Nationwide In May



Georgia, a state that has long held a spot in the top ten for foreclosure activity, has now hit a new record level of foreclosure filings for May of 2012. The state has worked it’s way up from number eight back in 2010, number five in 2011, number three earlier this year, and now, it has exclusive bragging rights for the number one spot

California Moves to Block Bulk REO Sales



Lawmakers in California have set out to prevent investors taking advantage of the recently proposed ‘REO to Rental’ program from, which would allow buyers to snap up foreclosed homes in bulk, on condition that these homes are then rented out for a stated period of time.

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