Jacksonville Foreclosure Rates Go Hand in Hand with Murder
September 20, 2006 |
Posted By Kevin Chern Esq.
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Jacksonville foreclosure actions occur at the highest rates in neighborhoods with the highest murder rates, according to Jacksonville Area Legal Aid (JALA). JALA broke down Jacksonville foreclosures and murders by zip code, and revealed that the Jacksonville neighborhoods within the 32206, 32208 and 32209 zip codes had the highest rates of foreclosure actions in Jacksonville, and also the highest murder rates.
The correlation is likely due to the high incidence of subprime mortgages in depressed neighborhoods. JALA is working with the Jacksonville Sheriff's Department, the Jacksonville City Council and the Mayor's office to help find ways to lower the Jacksonville foreclosure rate and the murder rate.
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