Homes for Sale in Eau Claire, WI. Sarah Kruse Geography 367 Summer 2010. Hypothesis. Many foreclosures would be in low income areas Foreclosed houses will be more run down than home sales by owners. Home sales by owners would be in the middle class neighborhoods. Data.
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Homes for Sale in Eau Claire, WI
Data from http://www.zillow.com/homes/for_sale/Eau-Claire-WI/fore_lt/0_mmm/ and http://bis-net.net/cityofeauclaire/search.cfm
A homeowner is unable to make principal and/or interest payments on his or her mortgage, so the lender, be it a bank or building society, can seize and sell the property as stipulated in the terms of the mortgage contract.
Top 10 Zip Codes with Foreclosures, 2007
Location of Foreclosures compared to Income Level
Homes for Sale By Owner in Eau Claire