Despite Positive Reports Some Areas Still Suffer With Negative Equity

This week the media reported that US foreclosures have started to slow down, stating that across the nation filings were down 2 percent from April of last year. Despite this optimistic national trend there are still areas losing equity and remain at risk. According to  Where Americans Are Losing Home Equity Most Nevada and Florida are the worst with areas of California and Arizona also suffering. The worst pockets of declining equity are Modesto CA, Cape Coral-Fort Myers, FL and Phoenix, AR. Thousand Oaks CA was also in the top five.

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