Detroit continues to stand strong amid the waves of residential and commercial real estate foreclosures that hit the city. Corporate investors like Wal-Mart, Livonia and Magna International continue to carry out their expansion plans.
Failed Alabama-based bank Colonial BancGroup has been acquired by BB&T Corp. Commercial property foreclosures in Florida and Nevada decimated the bank's funds.
An increasing number of commercial real estate investors are waiting for market prices to bottom out to take advantage of the potential influx of foreclosed properties.
Foreclosures in Fort Worth surged in both the residential and commercial sectors in January. The residential foreclosure rate rose to 1.4 percent while the commercial default rate rose to 9 percent of all mortgaged commercial properties.
Jacksonville foreclosure investing gets into a frenzy as home prices continue to fall. The median for distressed homes dropped to $101,850 while the median for all types of homes fell to $135,000.
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