ASSOCIATED PRESS |
“Two Florida cities lead the nation in foreclosures of high-end properties worth $5 million or more.
The research firm RealtyTrac said in a report Wednesday that Miami and Orlando were at the top of the list of foreclosure activity on homes in the $5 million-plus range.
Other cities with high numbers of foreclosure activity on high-priced homes included the Los Angeles area, metro Atlanta and metro New York City.
At the state level, Florida and California made up 60 percent of the high-end foreclosures this year.
The number of high-end foreclosures is relatively small – only about 200 compared to the 1.2 million properties that had foreclosure activity this year.”