The State with the Most Foreclosures
Industry Update
October 26, 2021
Source: 24/7 Wall St.
Foreclosures plagued the real estate market during the Great Recession. Home prices plunged so much in some areas that people lost all their home equity and even faced situations in which the value of their mortgages was higher than the value of their homes. Los Angeles, Phoenix and Las Vegas were hit particularly hard.
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