Foreclosure Plague: It's Spreading

When you think of foreclosures and the title for the worst foreclosure rate in the country you usually think of Las Vegas. However, a recent article in CNNMoney.com discloses some starling statistics and one of the top five cities reporting foreclosures is not one you would usually think of.

The biggest increase was reported in McAllen, Texas with a 1,197% increase, followed by Burlington, Vermont with a 400% increase.

The surprise was Lincoln, Nebraska at 3rd place with a 240% increase.

For more on this article and an interesting insight on the increasing popularity of "short sales versus foreclosures", go to CNNMoney.com