More higher prices properties in US falling into foreclosure pit

[Nicholas Wallwork]

It is not just lower priced property that is ending up in the foreclosure*sector in the US, with high end real estate making up almost a third of*distressed sales, a new report shows.

Higher priced properties are taking a greater share of foreclosure*activity, with houses priced in the top tier accounting for 30% of all*foreclosures in July 2009, according to new data from Zillow.com.

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