Top Ten Cities Where People Are Losing their Houses

by Actual News Geezer | July 17, 2007 at 01:14 pm
4136 views | 14 Recommendations | 5 comments

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This is a sobering list of the Top Ten Cities for Mortgage Foreclosures, according to RealtyTrac, a leading information company for the real estate industry.

1. Cleveland, OH

Local economic challenges have contributed to surging foreclosure activity throughout Ohio, and this is especially true for the city of Cleveland. Zip codes with the highest number of total foreclosures include 44105, 44112, 44108, 44120, 44102, 44128, and 44110.

2. Atlanta, GA

Foreclosure activity is exceptionally high in the Atlanta area and is showing no signs of slowing down anytime soon. Auctioneers are seeing their businesses flourish. Hot zip codes include 30310, 30349, 30315, 30314, 30318, and 30331.

3. Denver, CO

The metro area of Denver has had a record number of foreclosures-more than 12,000 in only six months time. Zip codes with the most foreclosure activity include 80219, 80239, 80229, 80249, 80221, and 80223.

4. Sacramento, CA

California is currently being ravaged by foreclosures. Sacramento has some of the hardest hit zip codes. By total foreclosures, these zip codes are 95823, 95828, 95835, 95820, 95842, and 95822.

5. Detroit, MI

Job loss had laid waste to entire neighborhoods in the Detroit area. Zip codes with the highest number of total foreclosures include 48228, 48205, 48224, 48219, 48227, 48235, and 48234.

6. Las Vegas, NV

The foreclosure rate in Las Vegas is extraordinarily high thanks to falling home prices and slowing sales. The hottest zip codes right now include 89031, 89131, 89148, 89108, 89032, and 89141.

7. Chicago, IL

There has been a meteoric rise in foreclosure activity in the Chicago area because of a high number of defaulting subprime loans. Zip codes with the most total foreclosures include 60628, 60636, 60617, 60619, 60629, and 60621.

8. Indianapolis, IN

Indianapolis has been hit hard by rising foreclosures and plummeting home values. Foreclosures have devastated the poorer neighborhoods and have spread to middle class neighborhoods as well. Some of the zip codes experiencing high foreclosure rates include 46201, 46203, 46218, 46222, 46226, and 46205.

9. Miami Beach, FL

Florida is often referred to as the epicenter of the housing crash, so it is no surprise that foreclosures in the Miami Beach area are on the rise. The hottest zip codes for foreclosures include 33160, 33139, and 33141.

10. Elk Grove, CA

Elk Grove has had a whopping number of homes go to auction recently, and foreclosure activity is continuing to rise. Zip codes with the most total foreclosures include 95758, 95624, and 95757.

recommend This comment thread is now closed
angryindian
angryindian
flagged this story as Good Stuff

at 21:09 on July 17th, 2007

Actual News Guy, this, is citizen reporting.

jamaen
jamaen
flagged this story as Good Stuff

at 09:29 on July 21st, 2007

Good to know if I ever again consider moving south.

0
quotato

One non-statistical way to know which cities have the most houses being
lost is:  find out which Home Depot stores are selling the most
plywood.  It is such a shame to see a house boarded up.

0
Michelle Says So

I live in one of those cities...glad I don't own a house!

0
Michael O'Hare

Good luck to those of you with houses in these cities.

Michael O'Hare

Cities for People

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