Foreclosure surprise: 10 fastest-growing problem cities are newcomers
Just about everyone has become familiar with America’s foreclosure capitals – metropolitan areas like Las Vegas with the nation’s highest rate of foreclosed properties (1 in 20) or No. 2 Merced, Calif., (1 in 27). But the problem is expanding to new cities. In fact, as the subprime-mortgage crisis eases for some of the top metro areas, like Merced and No. 3 Cape Coral-Fort Myers, Fla., economic pressures are creating new foreclosure capitals. One of them, Reno-Sparks, Nev., broke into the Top 10 foreclosure metros in the third quarter, according to a RealtyTrac report released Thursday. And others are gaining...
Original Article: Forum: News/Activism
Tags: Cape Coral, Capitals, Economic Pressures, Foreclosed Properties, Foreclosure, Fort Myers, Las Vegas, Merced, Metro Areas, Metropolitan Areas, Metros, Nev, Newcomers, Reno, Subprime Mortgage Crisis, Surprise, X92