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.
This entry was posted on Wednesday, September 20th, 2006 at 6:47 pm and is filed under Economic News: How Are We Doing?. You can follow any responses to this entry through the RSS 2.0 feed. You can skip to the end and leave a response. Pinging is currently not allowed.