Home Foreclosure Hot Spots...

Home foreclosure hot spots, from MSNBC, reports that according to Foreclosure.com, a Florida-based company that tracks the foreclosure market, 87,582 American homes were in some phase of the foreclosure process, and in some cities foreclosure filings have jumped by 26 percent and more. Rising mortgage rates and a cooling housing market are cited as reasons for the increase in foreclosures. The foreclosure rate rose in many cities where the appreciation has far outpaced the national average, such as Los Angeles, New York, Miami, Las Vegas, San Diego, Dallas, Houston and Sacramento. In addition, hard-up cities such as Cleveland and Detroit, where the economy is terrible, lead the nation in foreclosures. The article does not mention Phoenix. The article also gives some pointers on how to capitalize on the foreclosure market.



http://www.msnbc.msn.com/id/13086712/page/2/