BrokerageIndustry News

Top 10 hottest neighborhoods for foreclosure searches

Half of areas in 2 California cities: Fresno and Los Angeles

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Neighborhoods in two California cities, Fresno and Los Angeles, were among the most popular search destinations for for-sale foreclosure properties during the month of September, reported online real estate company Zillow.Zillow reported that foreclosure-related homes in Fresno's Bullard neighborhood were more frequently searched than foreclosures in any other U.S. neighborhood tracked by Zillow during that month.Zillow has created a database of thousands of neighborhood boundaries for the largest U.S. cities. Neighborhoods in foreclosure-ridden cities dominate the list. Zillow foreclosure data is supplied by Foreclosure.com and includes foreclosed bank-owned properties (also known as REOs) as well as preforeclosure properties that have entered the foreclosure process.Bullard was one of three Fresno neighborhoods on the list. There were also two neighborhoods each in the Los Angeles, Las Vegas and Phoenix areas. All four areas had some of the highest foreclosure rates in the nation dur...