[Infinite_Wisdumb]

Interesting list of the number of forclosures by zip code.

http://money.cnn.com/2007/06/19/real_estate/500_top_foreclosure_zip_codes/index.htm

TONS of Michigan ones in there, no surprises, I suppose.

 

[Buggy_Tim]

Well....that blows the rumors that michigan has the highest rate.

 

[KartRacer]

Looks like Detroit has the top honors wrapped up.

 

[FrankNBrew]

I've heard alot of folks with excellent credit recently are taking advantage of the lower value of homes by letting the banks foreclose on their home.

They use their excellent credit to buy another home and lock in on a 30 year fixed mortgage and buy new cars. Then let the bank take back their old home and sit on their new cars and home for 7 years until their credit is restored.

Not a bad idea for some.