Connecticut entered July with the fifth-highest rate of residential mortgages under foreclosure in the nation, according to a study of more than 360,000 foreclosures nationally over the first six months of the year.
Foreclosure filings plummeted in the first half of the year, but 40% of local markets saw foreclosure starts increase, with the last housing bubble no longer to blame for the growth, according to Attom Data Solutions.
The Columbus, Ohio, city attorney's office has filed a complaint against a corporation based in Nebraska and Columbus that owns 11 blighted properties here and created companies to shield it from liability.
While the rate of underwater borrowers continues to decline, many cities still struggle with a deluge of homeowners with so little equity that they have limited incentive or ability to put their homes on the market.
Despite a national trend of declining foreclosure volume, a recent spike in foreclosure activity has created a number of hot spots in many local markets. Here's a look at the 12 cities most affected by this development.