Foreclosure rates are surging across the U.S.

The successive presidential administrations have pushed hard for home ownership. However even though the intent has been well-meaning, it may be somehow related to the increasing real estate foreclosure statistics looming by several housing survey accounts in the United States. Many individuals who may not be ready for home ownership have been encouraged by the government and are now realizing this fact when it may be too late. According to a popular foreclosure listing service, 47 states have experienced an increase in foreclosure rates, with Florida, Texas, and Colorado holding on to the dubious distinction of having twice as many as the national average.