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If you drive 32 miles east of Reno, you’ll find Fernley, Nevada. The city that limits its dog count to three per address and speaks out about the affects of graffiti on its Website has troublesome news to digest. It has the nation’s highest foreclosure rate through August.
A new ABC News Yahoo! News Poll talks about the latest in political trends.
While the great recession has wreaked havoc on numerous local economies, Fernley has been the hardest hit. The city has seen more than 3,500 foreclosure filings over a 12-month period among its 17,900 housing units, according to Realty Trac, an online service that collects and aggregates foreclosure data.
It’s been an awful time for the real estate market, which was only made worse by recent news. August was the toughest month for homeowners as lenders swooped in and seized more than 95,000 homes across the United States, according to Realty Trac.
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