Tuesday, May 15, 2007

Foreclosure Valley

From the Central Valley Business Times:

Central Valley cities lead the nation in foreclosures

The Central Valley city of Stockton has the nation’s highest foreclosure rate -- one foreclosure filing for every 131 households, nearly six times the national average -- according to figures compiled by RealtyTrac Inc., an Irvine-based publisher of a national database of pre-foreclosure, foreclosure, For Sale By Owner, resale and new homes.

Other California cities with foreclosure rates in the top 10 include Vallejo-Fairfield at No. 2, Riverside-San Bernardino at No. 4, Modesto at No. 6, Sacramento at No. 7, and Merced at No. 8.

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