The Nevada area has seven of the top ten zip codes hardest hit by the housing meltdown.
The epicenter of foreclosures shifted to the booming city of Las Vegas at the end of 2007.
Seven of the top 100 worst-hit zip codes last December were in the gaming capital, according to statistics compiled for CNNMoney.com by RealtyTrac, the online marketer of foreclosure properties.
A year ago, old Midwestern industrial cities like Detroit and Cleveland dominated the foreclosure statistics amid factory closings and job losses. Now, otherwise prosperous Sun-Belt cities contain the zip codes worst hit by defaults.
Foreclosures: 100 worst hit zip codes
"What we're seeing is the impact of subprime mortgages coming due," said Rick Sharga, a spokesman for RealtyTrac.
These loans, which were particularly prevalent in Las Vegas, default at much higher rates than traditional, fixed-rate mortgages.
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