Homes in new foreclosure cases were 682 last month on...

Homes in new foreclosure cases were 682 last month on Long Island, down from 720 in June and 808 from a year earlier. The total number of cases — new and ongoing — added up to 773 in July. Credit: AP File recently released a list of the top ten states for foreclosure (based on June numbers). Many on the list aren't a surprise, but a few -- such as Idaho -- are. Nationwide, foreclosure filings rose 4 percent from May to June, reports.

What's helpful about the list is that it shows the average foreclosure sales price in each of the top ten states. So people interested in buying houses on the foreclosure market get a good idea of what they can expect to pay. A word of warning, though: Foreclosures may look like great deals, but buying one can be a hassle.

To find foreclosures, there are several resources online:

See homes in foreclosure at (free for seven days; $49 a month for a monthly subscription or $25 a month for an annual subscription) and (free for seven days; $9.95 a week). also provides a free listing of homes in foreclosure. lists properties owned by Fannie Mae (acquired through foreclosure). Besides listings, Fannie Mae's site also offers two types of financing -- the HomePath mortgage, which allows as little as 3 percent down, and a renovation mortgage, which finances both your purchase and a light renovation. lists properties owned by Freddie Mac. Buyers of a Freddie Mac home may qualify for a two-year home warranty and a discount of up to 30% on new appliances. lists homes for sale by the federal government.

All contents copyright 2011 The Kiplinger Washington Editors, Inc.

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