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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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.
Location of Foreclosures compared to Income Level compared to other cities of roughly the same size.
Homes for Sale By Owner in Eau Claire compared to other cities of roughly the same size.