Thursday, December 07, 2006

INDIANAPOLIS, ATLANTA, DALLAS, MEMPHIS AND DENVER TOP LIST OF NATION’S TEN HIGHEST METROPOLITAN FORECLOSURE RATES

Sun and Rust Belt Cities Dominate Remainder of Nation’s Top 10 New Orleans and Boston Among Cities With Lowest Foreclosure Rates

Irvine, Calif. – May 23, 2006 – RealtyTrac™ (www.realtytrac.com), the leading online marketplace for foreclosure properties, today released its first annual 2006 U.S. Metropolitan Foreclosure Market Report, which ranks the foreclosure rates of the top 100 metropolitan areas. This year’s report, based on data captured over the first quarter of 2006, shows Indianapolis, Atlanta and Dallas having the highest foreclosure rates among the nation’s largest 100 metropolitan areas. Cities in the Sun Belt and Rust Belt generally had the highest foreclosure rates in the first quarter of 2006, while cities in the Northeast and Gulf Coast documented some of the lowest.

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