Jul 28 2012

California Leads U.S. in June Foreclosures

California Cities in Top Ten of New Foreclosures-

Once again, California had the highest rate of new foreclosures in the nation with 47,490 – an 18 percent increase over May.  Seven of the 10 cities in the nation with the highest foreclosure rates are in California, according to RealtyTrac data released Thursday, July 26.  Across the U.S., one in every 666 homes was foreclosed in June, while in California the ratio was one in 288.  North Dakota had the lowest foreclosure rate: one in 105,833 — only three new foreclosures.

Stockton had the highest foreclosure rate in the U.S. in the first half of 2012, more than three times the national rate. One of every 38 homes in Stockton received a foreclosure notice between January and June.  The other California cities in the top ten were Modesto, Merced, Bakersfield and Visalia-Porterville, Riverside-San Bernardino-Ontario and Vallejo-Fairfield.

Other states in the top ten in June were Florida, Illinois, Georgia, Ohio, Arizona, Texas, Michigan, Wisconsin and Pennsylvania.


One Response to “California Leads U.S. in June Foreclosures”

  1. I am interested in the foreclosure numbers for Piedmont. Please make this article relevant by providing a follow up with the local numbers.

    Editors Note: The data on foreclosure rates for Piedmont is not available.

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