Detroit, Ft. Lauderdale Lead the Nation in Foreclosures
December 26, 2006 |
Posted By Kevin Chern Esq.
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The Detroit and Ft. Lauderdale areas were hardest hit by the wave of mortgage foreclosures sweeping the nation during the 3rd quarter of 2006. More than 10,000 Detroit area families faced foreclosure between July and September, 2006. That's more than four times the national average. And while the numbers in Ft. Lauderdale were slightly lower, that city's foreclosure rate nearly doubled from the previous quarter.
Other cities on the hardest-hit list include Denver, Indianapolis, Miami and Dallas.
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