Foreclosure Rates Spike In Upper-, Middle-Class Neighborhoods

Foreclosures increased in several upper- to middle-class neighborhoods even as the numbers dropped overall in Allegheny, Butler and Westmoreland counties in 2009.

Affluent communities in Allegheny County saw a five-year high in the number of residential foreclosures this year, said Dan Murrer, vice president of RealSTATS, a real estate information company based on East Carson Street in Pittsburgh. The same trend holds true in Westmoreland and Butler counties.

Seven communities in Allegheny County saw the highest numbers of foreclosures in 2009, including Mt. Lebanon, Avalon, Bridgeville, Oakmont, Fox Chapel, Bell Acres and Pitcairn.

Read more: www.yourplum.com/plumadvanceleader/article/foreclosure-rates-spike-upper-middle-class-neighborhoods

Foreclosures Jump In Upper Middle Class Areas

Foreclosures in middle and upper middle class neighborhoods are taking off. In fact if you take a drive down an upper middle class town like Hampton Township -- you might be surprised that banks and lenders foreclosed on some 30 homes last year -- up from two just seven years ago - proof positive that the foreclosure crisis is hitting the well-to-do as well as the working class.

Bethel Park went from 12 to 38 and Mt. Lebanon from 10 to 25.

Link: www.kdka.com/kdkainvestigators/Foreclosures.wealthy.communities.2.790468.html

Foreclosure Bus Comes To Lebo

Have you seen a bus of people driving through town looking at houses? If so, you saw Coldwell Banker's bus that's touring foreclosed homes in the area.