Foreclosure Mortgage Mess. According to Realtytrac, some 50,000 Tennessee properties have been listed for foreclosure.

2 Million More Could Face Foreclosure

Residential properties that are in some state of foreclosure rose 30% in the third quarter and doubled on a year over year basis, to 446,726 units, according to new figures released by RealtyTrac.

Nevada had the highest foreclosure rate in the nation, with one filing for every 61 households.

After Nevada, California (one for every 88 households) and Florida (one for every 95) had the highest incidence of foreclosures.

California, though, saw its foreclosure filings quadruple to 148,147 incidences from those of a year earlier.

Other states ranking among the top 10 in foreclosures include Michigan, Ohio, Colorado, Arizona, Georgia, Indiana, and Texas.

Jim Richman is a Former H.U.D. Commissioner (FHA home loans are a H.U.D. product)

President and founder of Richman & Associates Inc., a real estate and business debt restructuring firm specializing in foreclosure solutions and financial consulting.

Former senior loan officer with Coast Savings and Loan and Pacific Thrift and Loan.

Former Burbank City Councilman and Mayor.

Former President of NOVA, a sheltered workshop for the handicapped.

Former board member of the American Red Cross.

Published author of Foreclosure articles for Broker Banker Magazine, Mortgage Originator and Scotsman Guide; read monthly by 100,000 mortgage brokers nationally.