We live in the small town of Belvidere, N.J. population 2800. We have approximately 25 vacant homes that the owners just walked away from. The value of our homes has plummeted and taxes have soared. Welfare has increased as have food stamps. We are so screwed.
Atlantic City, Las Vegas and eight Florida cities post highest metro foreclosure rates.
http://www.realtytrac.com/news/foreclosure-trends/january-2015-u-s-foreclosure-market-report/