Friday, December 6, 2013

Luxury Real Estate Foreclosures Up 61 Percent

http://www.benzinga.com/news/13/12/4133037/luxury-real-estate-foreclosures-up-61-percent#ixzz2mcmfN6KR vvgvv

It appears the rich are finally catching up with the rest of the nation, when it comes to real estate foreclosures.
While overall U.S. foreclosure activity was reportedly down 23 percent, year-to-date through October, RealtyTrac says foreclosures on luxury properties valued at $5 million and above jumped 61 percent compared to the same time period a year ago.

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