Foreclosures Are Hitting the Top of the Market

Tuesday, Jun 1, 2010  |  Updated 2:15 PM PDT
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Foreclosures Are Hitting the Top of the Market

Getty Images / Joe Raedle

Foreclosures are not just for the poor anymore.

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Foreclosures are trending up, and the Bay Area is falling down.

After years of relative safety in the market, high-priced homes are now being repossessed not infrequently: about 1,000 above $730K in the last two years, 223 of those just since January.

But as anyone who lives in one of the most expensive cities in the country knows, a million dollars won't necessarily get you all that much, and the accompanying Google map shows areas of high-priced distress in the relatively low-priced Civic Center and Mission. [SF Gate]

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