The statistics are telling us the real deal. The number of homes that have been foreclosed is going up. And the state of California is where a lot of this is going on. This is where a good number of owners of homes are getting affected because they find it hard to pay any mortgages they have on home loans.

One example is in Tulsa. There was an increase in the number of foreclosed homes. The data was taken for the last quarter of last year and ended until the first quarter of this year. An increase of 29% has been noted. Now that is indeed a lot. And it can be really alarming.

Experts studied the numbers and they were able to analyze what the numbers said. Simplified, the statistics say that for every 138 homes there are, one of these can undergo foreclosure. Now that is just for a quarter. Throughout the timeframe, the rate that was first noted had gone up. So that means more and more homes are experiencing foreclosure.

It is the economy that people are pointing at. This is the main reason why the rates of foreclosed homes are going up. The thing is, if people are employed, they would have the capacity to pay their dues and that includes their electric bills and their mortgages. However, if they are unemployed, where would be they getting the money to pay for all that when they are striving to have something to eat each day.

And then there are those incentives that have been created by the government which has the aim of helping people get homes for rates that are lower. But that may not even seem to help that much. See, even if there are such programs, those who buy a home may still have that home foreclosed if they do not have a source of income. They simply could not get money out of thin air.

There are experts who are looking at the situation and are trying to find solutions to the whole problem presented. One speaker for a company that offers mortgages said that the rates of foreclosures will go down only if unemployment is given a solution. As for the example of Tulsa, this place has an unemployment rate of 8.1%. Now that definitely has a lot to say about the high rate of foreclosures happening.

During the first quarter of 2009, the rate of foreclosure of homes is just around average. After a year, for the first quarter of this year, the rates have gone up by 78%. Now that is for Tulsa alone. If you are going to look at the situation of the United States, then you will see an increase of 16% overall.

Finding North Park homes for sale may be the thing for you as you want to own North Park real estate. That may be so but you have to ask yourself first if you are financially capable as the house that you may have been eyeing and had started to love may just be foreclosed because you are not able to pay right.