Ohio is one of the leading states in the United States in the foreclosure race, which is not a good thing. Ohio started having a higher than usual foreclosure rate earlier than most states, and continues to have foreclosures at a high rate while some states are slowing down in their rates.

If you're a new home buyer or have some extra money to invest, you may have been thinking about getting a foreclosed or a short sale home. You can save up to 40% off some of these home and in certain states there is a huge inventory to choose from. Extra caution is needed when buying these home however.

Legislators are worried about foreclosures based upon faulty paperwork. My comment to the moratorium on foreclosures as banks realize there is no clear title on properties that were sliced and diced with mortgages going all over the place in CDO's is as follows:

It is called "constipation". The banksters will be losing value on their books daily. No one should buy a house because they are all overpriced now. All of them.