Foreclosures Down Where Trains Are Available

Foreclosures Down Where Trains Are Available

Can living near a train station save your house?

Researchers looked at mortgage defaults in three cities and found something curious -- the chance of foreclosure is higher in neighborhoods more dependent on cars, according to a report by the Natural Resources Defense Council, which included data from Chicago's Center for Neighborhood Technology. The report examined 40,000 mortgages in Chicago, Jacksonville and San Francisco.

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