According to First American Title's CoreLogic's Loan Performance Home Price Index (HPI), national home prices fell 5.7% in a one year time period between November 2008 and November 2009.

Nevada experienced the largest price drops within that same one year time period as home values dropped an average price of 22.5%. Arizona had the 2nd biggest price drop of 14.9%. Florida had the 3rd biggest price declines at 13.7%. Michigan was 4th with a 12.6% price drop, and Idaho dropped 11%.

The foreclosure wave continues to escalate in many of these same "bubble" states with many adjustable loans beginning to adjust this year and next. In addition, there are a high percentage of FHA loans which are now delinquent, and most of these loans were funded at a 97% LTV value range so many of these same FHA homes are now "upside down".

We continue to provide our clients with the best foreclosure investment opportunities for both individual homes or large REO pools. In addition, we may provide you or your group with some excellent terms to purchase these same residential or commercial properties.