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The luxury neighborhoods are fastly becoming the ‘other side of the tracks’.   It’s fact, the fastest growing sector of distressed properties in the U.S. is the luxury market. CoreLogic and the New York Times recently reported together that more than one in seven homeowners with loans in excess of a million dollars are now seriously delinquent.

When you drive down the street of luxury neighborhoods, know that the same economic problems attacking the middle class consumer are taking a swipe…