CNN.com has the foreclosure “hot spot” list, which goes a little something like this:

1. Spartanburg, S.C.
2. Albuquerque, N.M.
3. Myrtle Beach, S.C.
4. Savannah, Ga.
5. Charlotte, N.C.
6. Tulsa, Okla.
7. New Orleans, La.
8. Virginia Beach, Va.
9. York, Penn.
10. Mobile, Ala.

Two converging trends – unemployment and adjustable rate mortgages — are primarily to blame for the spikes in the cities mentioned above … and likely elsewhere throughout nation.

The 10 cities mentioned above, according to the report, however, have the fastest-growing rates out of the 100 worst-hit places.

To search foreclosed homes for sale in Spartanburg or anywhere else, including in your area, click here.

It’s that time again.

REDC, one of the nation’s most reputable and successful real estate auction companies, will conduct public foreclosure sales from this Saturday (Oct. 10) through Thursday (Oct. 29) in several states, including Alabama, Georgia, Mississippi, North Carolina, South Carolina and Tennessee.

It’s six more consecutive days of super sales on condominiums and townhomes, as well as single- and multi-family properties. All told, 467 properties combined must be sold in less than one week.

Bids can start as low as $500 because everything must go!

If you’re looking to take advantage of the best real estate deals in these areas then definitely check out REDCs foreclosure lender auctions.

Here are the locations (For complete details click here):

• October 24 – Cobb Galleria Centre in Atlanta, Georgia
• October 25 – Raleigh Convention Center in Raleigh, North Carolina
• October 25 – The Westin Charlotte in Charlotte, North Carolina
• October 25 – Wilmington, North Carolina
• October 26 – Knoxville Convention Center in Knoxville, Tennessee
• October 26 – Savannah International Trade and Convention Center in Savannah, Georgia
• October 27 – Mobile Civic Center in Mobile, Alabama
• October 27 – Nashville Municipal Auditorium in Nashville, Tennessee
• October 28 – Memphis Marriott in Memphis, Tennessee
• October 28 – Sheraton Birmingham Hotel in Birmingham, Alabama

Remember that you can bid in-person or online.

The process is safe, easy, and compliant with all legal regulations. And you don’t have to be an experienced real estate expert to purchase a property.

To check out the homes for sale at the upcoming foreclosure auctions in Alabama, Georgia, Mississippi, North Carolina, South Carolina and Tennessee, as well as to see when REDC will be coming to a city near you, click here.

Good luck!

We hope that you take advantage of these rock-bottom prices and easy financing at today’s low interest rates while they last!

Season three winner of “American Idol” — the smashing singing show series from FOX — apparently defaulted on a loan for one of her homes in Charlotte, N.C., and could lose it to foreclosure, according to the New York Post.

In fact, court records indicate that the sprawling 6,500-square-foot $1.3 million house will head to the auction block on January 12, 2009, if the matter is not resolved before then.

Broward Energy Management claims that the R&B/soul singer — who also recently starred as Celie in the Broadway musical of Oprah Winfrey’s “The Color Purple” — is delinquent on a $58,000 loan.

However, the report refers to the lender as “shadowy.” In addition, TMZ.com recently reported that representatives close to Barrino revealed that this is all “just a misunderstanding.”

Time will tell … hopefully it all works out well for her in the end.

Barrino hails from High Point in the “Tar Heel State.” She owns another home in Charlotte near the one that is currently the subject of foreclosure talk.

For more celebrity foreclosure-related news click here.

Million-dollar homes in Raleigh, N.C., are being marketed and sold for have their original prices, signaling a growing trend that is sweeping the nation because of the flagging housing situation.

Triangle Business Journal recently featured a gorgeous 5,700-square-foot home in Wakefield Plantation that is now available for $775,0000. Sure, it’s not pocket change. But consider the home is valued at almost $1.16 million and you can see how prices are being slashed.

In fact, it’s not uncommon to now find amazing deals for more than 50 percent off. And that’s not an exaggeration … it’s a reality. And that more than likely applies to homes at all prices levels and locations.

Of course, times are tough, which could turn some people away from real estate investing even though it’s a very exciting time in the real estate market — the amount of preforeclosures, foreclosures and other distressed real estate deals just keep going up, up and up!

But just because you’re on a diet doesn’t mean you can’t look at the menu, right? So check out Foreclosure.com for the best deals in real estate whether you are in the market for a new home or investment property or not. It’s FREE for seven days!

You never know … a once-in-a-lifetime opportunity could be hiding right under your nose and be too juicy to pass up.

At the very least, learn about the best listings in your area with our FREE foreclosure email alerts, which are conveniently delivered directly to your inbox as soon as hot deals hit the market. CLICK HERE.

Location: Wake County, North Carolina
City: Wake Forest
Price: $399,000
Zestimate: $452,815
Difference: $53,815

Note: Other comparable listings in this neighborhood range from $425,614 up to $479,412. For more property details or to talk to a local real estate agent/broker about this listing CLICK HERE.

This four-bedroom home is set in suburbs just outside Raleigh, N.C. It’s relatively new construction (2002) and sold for $410,000 just last year. Talk about a great opportunity to get into a beautiful house in a prime location at a bargain price. It’s even possible that the broker will accept less than listing price. Call him. His name is Tom.

To check out some of the other “Deals of the Day” feel free to visit our archive.

What’s the deal of the day? We comb through our nationwide database of more than 1.2 million distressed real estate listings to showcase some of the best investments available on our Web site each morning. These listings represent just a small fraction of the amazing investment opportunities available at Foreclosure.com. To find more bargains like the one pictured above search Foreclosure.com or sign-up for FREE Email Listing Alerts.