Buying cheap foreclosed homes- make money in real estate new york, california, florida, illinois,nevada,new jersey,connecticut, massachusetts

Buying foreclosed property can be one of the most profitable transaction for a real estate investor. Theres high hopes that home prices in the US start soaring again by next year. So if you buy now and sell next year in August 2009, you can make big profits.

Herea a list of US states with the most sales in foreclosed homes.


1 California

Percentage of total home sales that were foreclosures: 41%*
For the same period in 2007: 9%
Q2 foreclosure sales: 124,270
Q2 home sales: 302,069
Annual home sales change: -11%


2 Nevada

Percentage of total home sales that were foreclosures: 40%*
For the same period in 2007: 11%
Q2 foreclosure sales: 17,880
Q2 home sales: 44,171
Annual home sales change: -1%


3 Connecticut

Percentage of total home sales that were foreclosures: 27%*
For the same period in 2007: 12%
Q2 foreclosure sales: 10,156
Q2 home sales: 38,075
Annual home sales change: -19%


4 Michigan

Percentage of total home sales that were foreclosures: 26% (tie)
For the same period in 2007: 20%
Q2 foreclosure sales: 37,008
Q2 home sales: 140,655
Annual home sales change: -2%


5 Ohio

Percentage of total home sales that were foreclosures: 26% (tie)
For the same period in 2007: 20%
Q2 foreclosure sales: 52,927
Q2 home sales: 202,138
Annual home sales change: -12%


6 Florida

Percentage of total home sales that were foreclosures: 25% (tie)
For the same period in 2007: 6%
Q2 foreclosure sales: 52,651
Q2 home sales: 213,099
Annual home sales change: -26%


7 Arizona

Percentage of total home sales that were foreclosures: 25% (tie)
For the same period in 2007: 5%
Q2 foreclosure sales: 21,581
Q2 home sales: 87,352
Annual home sales change: -16%


8 Massachusetts

Percentage of total home sales that were foreclosures: 24%*
For the same period in 2007: 8%
Q2 foreclosure sales: 16,420
Q2 home sales: 67,991
Annual home sales change: -25%


9 Maryland

Percentage of total home sales that were foreclosures: 23%*
For the same period in 2007: 6%
Q2 foreclosure sales: 14,419
Q2 home sales: 63,242
Annual home sales change: -25%


10 Rhode Island

Percentage of total home sales that were foreclosures: 22%*
For the same period in 2007: 9%
Q2 foreclosure sales: 2,039
Q2 home sales: 9,108
Annual home sales change: -25%


11 Minnesota

Percentage of total home sales that were foreclosures: 21%*
For the same period in 2007: 11%
Q2 foreclosure sales: 17,588
Q2 home sales: 85,513
Annual home sales change: -11%


12 Maine

Percentage of total home sales that were foreclosures: 20%*
For the same period in 2007: 10%
Q2 foreclosure sales: 3,131
Q2 home sales: 15,719
Annual home sales change: -20%


13 Colorado

Percentage of total home sales that were foreclosures: 19% (tie)
For the same period in 2007: 13%
Q2 foreclosure sales: 19,328
Q2 home sales: 100,513
Annual home sales change: -10%


14 Indiana

Percentage of total home sales that were foreclosures: 19% (tie)
For the same period in 2007: 27%
Q2 foreclosure sales: 25,701
Q2 home sales: 134,053
Annual home sales change: -2%



15 Kentucky

Percentage of total home sales that were foreclosures: 19%* (tie)
For the same period in 2007: 12%
Q2 foreclosure sales: 14,518
Q2 home sales: 77,165
Annual home sales change: -12%


16 Illinois

Percentage of total home sales that were foreclosures: 18%* (tie)
For the same period in 2007: 11%
Q2 foreclosure sales: 32,555
Q2 home sales: 178,507
Annual home sales change: -20%


17 Virginia

Percentage of total home sales that were foreclosures: 18%* (tie)
For the same period in 2007: 5%
Q2 foreclosure sales: 16,329
Q2 home sales: 89,593
Annual home sales change: -21%


18 New Hampshire

Percentage of total home sales that were foreclosures: 18%* (tie)
For the same period in 2007: 10%
Q2 foreclosure sales: 2,450
Q2 home sales: 13,749
Annual home sales change: -17%


19 Delaware

Percentage of total home sales that were foreclosures: 18%* (tie)
For the same period in 2007: 10%
Q2 foreclosure sales: 1,769
Q2 home sales: 10,052
Annual home sales change: -33%


20 Pennsylvania

Percentage of total home sales that were foreclosures: 17%*
For same period in 2007: 13%
Q2 foreclosure sales: 20,322
Q2 home sales: 117,885
Annual home sales change: -20%