Posts Tagged ‘detroit foreclosure’

In Colorado, there was reportedly one mortgage foreclosure for every thirty-three households in 2006, and the problem was especially severe in the Denver - Aurora area, where more than 37,000 foreclosures were reported last year.

Colorado isn't the only state hard-hit by the recent wave of foreclosures, though.   The greater Atlanta, Georgia area saw nearly 64,000 foreclosures in 2006, and was second only to the Detroit area in number of foreclosures per household.

Nevada, Texas, Indiana, Florida, Ohio, Utah and Tennessee also made the top ten in terms of foreclosures per household.

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.