From CNNMoney.com
Million-dollar foreclosures rise as rich walk away
Five years after the housing bubble burst, America's wealthiest families are now losing their homes to foreclosure at a faster rate than the rest of the country -- and many of them are doing so voluntarily.
"These properties are accounting for a bigger piece of the foreclosure pie," said Daren Blomquist, vice president of RealtyTrac.
Out of all foreclosure activity, the share of foreclosures on properties valued at $1 million or more has risen by 115% since 2007 while the share of multi-million dollar foreclosures -- or homes valued at more than $2 million -- jumped by 273%. Meanwhile, the share of foreclosures on mid-range properties valued between $500,000 and $1 million fell by 21%.
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for homes in the foothills listed at $1.0+, and counting short sales along with foreclosures,
in 2008 there were 0 (although in 08 the process of reporting distress sales was not quite up to speed)
2009 – 4
2010- 7
2011- 9
see thefoothillsToday.com
to find your Foothills home
