Forbes has compiled a list of the riskiest cities for homeowners, which have the highest percentage of borrowers who are at least three months late on their mortgage payments.

Check it out:

1. Las Vegas, Nevada
2. Riverside, California
3. Stockton, California
4. Modesto, California
5. Bakersfield, California
6. Vallejo, California
7. Orlando, Florida
8. Memphis, Tennessee
9. Miami, Florida
10. Fresno, California

“Sin City” has the dubious distinction of topping this list; however, California has six cities in the top 10, underscoring the distressing situation on the left coast.

The good news is that the “Golden State” recently pledged $700 million to prevent about 40,000 foreclosures. In fact, the program, “Keep Your Home,” is the nation’s “biggest principle reduction program,” trimming mortgages by up to $50,000 each.

If you are a struggling homeowner in California and want to learn more about whether or not you qualify for mortgage assistance click here. Those who want to view foreclosures in California — or anywhere else in the United States for that matter — should click here.

Foreclosure.com Director of Education, Linda Yates, will be featured on a panel of knowledgeable experts at the ERA® ‘Saving the Dream of Homeownership’ Seminar, which is scheduled for the Sheraton Music City Hotel in Nashville, Tenn., on Friday, Jan. 15, 2010.

Yates and the other presenters will address the needs, questions and concerns of consumers regarding the purchase of foreclosed and/or short sale homes. In addition, information on how to prevent foreclosure will also be made available.

“The clock is ticking to capitalize on the best real estate conditions buyers and investors have come across in literally decades,” said Yates. “Record-low home prices and interest rates, as well as limited-time government tax incentives, have created the ‘perfect storm’ for future homeowners.”

The educational seminar, which is free to attend and open to the public, will be held from 3 to 6 p.m. ET. Seats are available on a first-come, first-served basis.

WHO: A panel of real estate experts, including Linda Yates, Foreclosure.com Director of Education; Darnell Pate, ERA® Broker, Memphis, Tenn.; Ross Olcott, PHH Mortgage; Mark Jeffers, ERA® Business Consultant; and Bryan Phillips, PHH Mortgage Regional Manager. Fannie Mae representative Joe Robertson, as well as ERA® agents and brokers from across the network, including Spanish-speaking representatives, will also be on hand.

WHAT: ERA® ‘Saving the Dream of Homeownership’ Seminar in conjunction with the Stellar Awards

WHERE: Sheraton Music City Hotel, 777 McGavock Pike, Nashville, Tennessee

WHEN: Friday, Jan. 15, 2010, from 3 to 6 p.m. ET.

In addition to a wealth of information, attendees will also receive free access to search more than two million distressed real estate listings, including foreclosure, preforeclosure, bankruptcy and tax lien deals, among others, on Foreclosure.com.

Potential homebuyers and investors alike, as well as members of the media, should contact James Gray, Senior Manager of New Business for ERA Real Estate, at (973) 407-6458 for any questions prior to the seminar.

About Foreclosure.com Education and Linda Yates
Linda Yates develops and leads the real estate training division on behalf of Foreclosure.com. From global Web seminars to nationwide onsite workshops and boot camps, she implements the educational programs that help investors and first-time homebuyers thrive in today’s real estate market. She uses basic logic, core principles and years of experience to help others achieve the American dream first and foremost at Foreclosure.com — the largest and most accurate searchable database of foreclosed homes and investment property information in the nation. More than 1.8 million foreclosure, preforeclosure, bankruptcy/Chapter 11, FSBO and tax lien listings are featured in the company’s industry-leading database.

On the Web:
www.Foreclosure.com
www.Twitter.com/foreclosure_com

Remember that you can check out when the REDC foreclosure auction train will pull into your town right here (Click the link to see complete nationwide schedule). To search for other foreclosed homes in Tennessee and elsewhere throughout the nation 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!

Location: Leoma County, Tennessee
City: Leoma
Price: $95,000
Zestimateâ„¢: $121,457
Difference: $26,457

This three-bedroom, two bathroom home is located in southern Tennessee near the Alabama and Mississippi borders. It is also about equidistant from major cities such as Memphis and Nashville.

Note: other comparable listings in this neighborhood range from $65,766 up to $189,453. For more property details or to speak with a local real estate agent/broker about this listing CLICK HERE.

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.