John can tell you why: Democrats! LOL

>Some parts of California and Nevada have 1 house in 10 in some form of foreclosure
>
>http://www.foreclosurepulse.com/photos/foreclosurepulse_photos/images/84002/original.aspx
>
>Tennessee does seem to have higher rates than other states in the middle of the country though
>
>>>Ok, how come the majority of bad loans are in expensive areas California, Florida, Etc
>>>
>>>Certainly not RedLined districts
>>>
>>
>>I haven't plotted where the majority of the defaults are, and how are you defining majority? Is it the majority of the total dollar amount? Certainly, it isn't the number of homes. In Memphis, we have a ton of foreclosures. I bought one a few months ago, myself.