A very interesting list. Some homes in Detroit are being sold for less than $10K. And you'd expect Detroit to be Numero Uno with a bullet... but you'd be wrong. Both Orlando/Kissimmee and Las Vegas have them beat. In fact of the top 5, 3 of these cities are in Florida.

Regarding the 'Happiest Place on Earth:'

Nearly one in five home sales in the Orlando area was a short sale in December of last year, meaning it sold below the value of the mortgage on the property. In addition to this, another 16% of homes sold were foreclosure-related, making Orlando the second most popular metro area for distressed sales. Many regions in Florida, including Orlando, were hit hard by falling prices during the housing crisis. The situation has improved somewhat, but last month 57% of sales were all-cash, implying families have still not fully returned to the market.
Apparently this is business as usual there as there is rarely a mention of it. Not news I guess.

Cities Selling the Most Distressed Homes

Link in the clear: http://247wallst.com/special-report/...tressed-homes/