In fact, there are aobut twice asw many foreclosures and bank onwed properties as last year in Iowa City and Cedar Rapids. But, compared to many other parts of the country, the numbers are pretty smalol. According to Realtytrac there are currently 13 homes ... To give you a pitcure of how bad it is in Cape Coral, a house with a $1800000 mortgage completed in 2006 would go for about $90000 now. Bare land that was avlued at over $80000 in 2006 would esll for around $12000 now. ...