Top 10 Worst Metro Areas For Foreclosures, 1st Quarter, 2008

The carnage is running rampant in California these days in the housing market as in some communities there seems to be a home on every street that is in some stage of foreclosure. For example, Stockton is leading the list and one out of every 30 homes is in some stage of foreclosure.

The one thing I am noticing is that some markets are in free fall. I do feel sorry for those who bought honestly in these markets.

Top 10 Worst Metro Areas For Foreclosures, 1st Quarter, 2008

Rank City Foreclosures 1 Out of Every
1
Stockton, CA 7,560              30
2 Riverside, CA 37,239              38
3 Las Vegas, NV 17,320              44
4 Bakersfield, CA 5,113              51
5 Sacramento, CA 13,967              55
6 Detroit, MI 12,402              68
7 Phoenix, AZ 23,135              70
8 Fort Lauderdale, FL 10,926              73
9 San Diego, CA 15,315              74
10 Oakland, CA 12,666              75

Related posts:
  1. Top 10 Worst Foreclosure Cities For 2008
  2. U.S. Foreclosure Index: U.S. Foreclosures About 1 Million in 2008; Fourth Quarter Shows Decline Over Third-Quarter Peak – Yahoo! Finance
  3. Top 10 Worst States For Foreclosures in November, 2008
  4. Top 10 States For Foreclosures in January 2009
  5. Top 10 States By Foreclosure Filings in 2008

There Is 1 Response So Far. »

  1. You should see the amount of short sales here as well. It’s astounding and only 11% of them close.

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