Out of all foreclosure activity, the share of foreclosures on properties valued at $1 million or more has risen by 115% since 2007 while the share of multi-million dollar foreclosures -- or homes valued at more than $2 million -- jumped by 273%. Meanwhile, the share of foreclosures on mid-range properties valued between $500,000 and $1 million fell by 21%.
Thursday, February 23, 2012
Million Dollar Plus Home Foreclosures Increasing
From "Million-dollar foreclosures rise as rich walk away" by Jessica Dickler:
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