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.

Sometimes fairy tales really do come true.

John Davis, a hard-working auto mechanic from South Carolina, was perhaps just one day away from losing his home to foreclosure.

Then, while stopping to get his three-year-old daughter some chicken nuggets and french fries, he purchased a lotto ticket. It turned out to be a winner … to the tune of $200,000.

It’s an amazing reversal of fortune that left him gasping for air, according to KSDK.com:

“Took my breath away. A few of the people at work came over and I said am I seeing things? They said no you won the lottery…. I went to church Sunday with my daughter, both my daughters and I knew I had the hearing Wednesday for the foreclosure and I just please you know throw me a bone.”

That’s a big bone — especially knowing that before he struck it (relatively) rich, Davis had just $6 in his checking account.

Davis intends to pay off all his debts and put cash aside to send his two daughters to college.

And they lived happily ever after.

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):

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