Foreclosure filings for commercial properties reached the $1 billion mark in the Fort Worth and Dallas areas. Sheriff Sales are also a big part of the two cities' foreclosure market for April 2010.
Record job losses and mortgage fraud have been driving Rockford foreclosure auctions. The jobless rate in Rockford in March was still high at 17.9 percent despite improving from its January rate of 19.7 percent.
Albuquerque foreclosure homes pushed down house prices and drove more sales in February. Foreclosures surged to 2.4 percent in January and pushed down the average house price from $226,343 to $206,600 in February.
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