Industry News

Stockton, Calif., scores highest U.S. foreclosure rate

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Foreclosure data provider RealtyTrac today reported that Stockton, Calif., had the highest foreclosure rate among all metro areas in the nation during the first half of 2007, with one foreclosure filing for every 27 households. The company's Midyear Metropolitan Foreclosure Market Report found that Detroit was second on the list, with one foreclosure filing for every 29 households, and Las Vegas was third with one foreclosure filing for every 31 households. Riverside-San Bernardino, Calif., was fourth on the list with a rate of one foreclosure filing for every 33 households, followed by Sacramento, Calif., with one in 36; Denver-Aurora, Colo., with one in 42; Miami with one in 46; Bakersfield, Calif., with one in 47; Memphis, Tenn., with one in 49; and Cleveland-Lorain-Elyria-Mentor, Ohio, and Fort Lauderdale, Fla., with one foreclosure for every 50 households. The Stockton metro area had a total of 8,169 foreclosure filings on 4,239 properties in the first half of the year, which was ...