Future Foreclosure Hotspots You Would Not Believe


When we talk about foreclosure central, everyone assumes we are talking the sand states -- Las Vegas, where, in 2010, one out of every nine households received a foreclosure notice, Phoenix, or Florida. Yep, still hot foreclosure areas, but there are others out there that may surprise. These are cities where times may have been very good just a few years ago, and no bubbles can be blamed for esalting prices. Still, these areas are saturated with foreclosures.

Rick Sharga, vice president of RealtyTrac, the Irvine, Calif., company that tracks foreclosures, says the dreaded "F-word" will likely set yet another record in 2011. The number of bank repossessions could go up by as much as 20 percent this year, he says, and overall foreclosure activity will probably go up by a similar amount in places you've never dreamed of.