Foreclosures on the rise: Is your city on the Top 10 list?

7. Beaumont-Port Arthur, Texas – 1,277 foreclosures

Pat Sullivan/AP/File
Beaumont Capital Projects Manager Brenda Beadle looks around a hangar at the Beaumont Municipal Airport in Beaumont, Texas, on Nov. 22, 2010. Gas wells on the airport property are pumping in millions, but deed restrictions and federal rules mean the Southeast Texas city can't use the money to plug its budget shortfalls or to improve city services.

The metro has benefited from its geographical advantages: the fourth-largest US port by tonnage, an economic concentration of energy companies, and its location in one of the most economically robust states in the union. Nevertheless, Beaumont's metropolitan unemployment remains stubbornly high – 11 percent in November – and the foreclosure rate from 2009 to 2010 rose 97 percent.

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