The Top 10 Foreclosure Hotspots In The U.S. - The Consumerist

The city's manager blames the spike on two factors: Questionable mortgages used to buy homes -- especially investment homes -- and job losses. Most of the cities on the list are located in the south, more precisely in the southeast and Gulf ... Percent increase in 2010: 28%. 10. Mobile, AL: Foreclosure rate: One in 56 homes (1.78%) Percent increase in 2010: 28%. 10 foreclosure hotspots [CNN]. More About: 1 2 3 foreclosure,; foreclosures,; recession watch,; real estate ...

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