Foreclosures Up 17% in Third Quarter

Unemployment, resetting mortgages, and softening housing market to blame for more than 900,000 foreclosures across the country

After plant closings, job cuts, and an anticlimactic World Series berth, the news only gets worse for Detroit in 2006. The city topped the quarterly list of metropolitan areas with the highest foreclosure rates in the country published by online preforeclosure and foreclosure listing database RealtyTrac, followed by Fort Lauderdale and Denver.

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