Las Vegas ranked highest foreclosure rate for 2009

It isn’t much of a surprise, but at five times the national average, Las Vegas had the highest foreclosures of any city in the country for 2009.

That amounts to 1 out of 8 homeowners.

Number two was Cape Coral in Florida, with the next three being California cities Merced, Riverside, and Stockton.

The lowest foreclosure rate was in Burlington, Vermont.

[Source] Las Vegas News Blog

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