10 Cities Facing Double-Whammy Defaults

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By Luke Mullins

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Las Vegas

(Jae C. Hong/AP)

Through the fourth quarter of 2009, more than 81 percent of single-family home mortgages in Las Vegas were underwater. And as the implosion of the housing sector hammered the local economy, the unemployment rate in Las Vegas reached 13 percent in the fourth quarter of last year.

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