Monday, January 28, 2008

America's Hardest Hit Foreclosure Spots

"Who is most feeling the crunch? Using data from RealtyTrac, a national firm that tracks foreclosures using data from multiple listing services, bank-owned property records, bankruptcy records, loan histories, tax liens and lender information, we evaluated which of the nation's counties had the most negative equity loans, by examining all loans currently in foreclosure...........

The usual suspects top the list. Wayne County, Mich., home to Detroit, is first, with 10,622 homes in foreclosure with negative equity, 176 of which have more than $100,000 of negative equity. Clark County, Nev., where you'll find Las Vegas, has 4,278 homes in foreclosure with negative equity and lands at No. 2.

Rounding out the top five are Maricopa County in Arizona, and Riverside and Los Angeles counties in California......" Foreclosures