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America's Top 25 Home-Foreclosure Cities

January 15, 2009 RSS Feed Print

RealtyTrac has released its U.S. Foreclosure Market Report for 2008:

A total of 3,157,806 foreclosure filings—default notices, auction sale notices and bank repossessions—were reported on 2,330,483 U.S. properties during the year, an 81 percent increase in total properties from 2007 and a 225 percent increase in total properties from 2006. The report also shows that 1.84 percent of all U.S. housing units (one in 54) received at least one foreclosure filing during the year, up from 1.03 percent in 2007.

Here's a look at the U.S. cities that were hit the hardest in the bust:

Top 100 U.S. Metro Foreclosure Market Data 2008
Rate Rank	State	Metro Name	Total Properties with Filings	%Housing Units (foreclosure rate)	%Change from 2007
1	CA	STOCKTON	21,127	9.46	99.16
2	NV	LAS VEGAS/PARADISE	67,223	8.89	121.31
3	CA	RIVERSIDE/SAN BERNARDINO	112,284	8.02	117.02
4	CA	BAKERSFIELD	16,208	6.17	115.42
5	AZ	PHOENIX/MESA	97,684	6.02	220.77
6	FL	FORT LAUDERDALE	47,387	5.95	127.81
7	FL	ORLANDO	46,843	5.48	195.84
8	FL	MIAMI	49,697	5.21	96.46
9	CA	SACRAMENTO	39,876	5.2	67.74
10	MI	DETROIT/LIVONIA/DEARBORN	38,106	4.52	-7.67
11	FL	SARASOTA/BRADENTON/VENICE	17,256	4.5	153.58
12	CA	FRESNO	12,571	4.2	102.5
13	FL	TAMPA/ST PETERSBURG/CLEARWATER	53,630	4.14	122.66
14	CA	OAKLAND	38,797	4.09	99.34
15	CA	SAN DIEGO	44,931	3.99	122.24
16	FL	PALM BEACH	23,399	3.71	96.33
17	GA	ATLANTA/SANDY SPRINGS/MARIETTA	67,007	3.26	33.29
18	TN-MS-AR	MEMPHIS	17,245	3.21	52.73
19	CO	DENVER/AURORA	32,920	3.2	23.61
20	CA	VENTURA	8,422	3.11	94.01
21	CA	ORANGE	31,300	3.06	150.38
22	FL	JACKSONVILLE	17,025	2.99	78.46
23	DC-MD-VA-WV	WASHINGTON/ARLINGTON/ALEXANDRIA	50,148	2.97	160.79*
24	OH	CLEVELAND/LORAIN/ELYRIA/MENTOR	27,693	2.94	-0.56
25	MI	WARREN/FARMINGTON HILLS/TROY	30,817	2.92	42.63

Tags:: housing,; foreclosures,; housing market

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Foreclosures has gone beyond unexpected digits. The increase in home foreclosures is a result of relevant price of housing facilities. Though there are lots of mortgage industries engaged in helping get through the financial obligations of home acquisition, still there have been numerous instances that leads to home foreclosures.

Tom Denver of DE 1:11AM May 20, 2010

Pete found this for us.
Kate

Kate of CA 8:32PM July 08, 2009

Bankers greed has them now in the property management business! Its like a Katrina without the storm. I am sure just like FEMA they will do a great job of helping everyone out!
If you think a Bank is your friend, be scared, be very, very scared, LoL...Personally I don't mind seeing the bankers eat it..they are always your pal when they need you. But when you need them, they stick it to everyone of us. What goes around comes around. Wait until people start vandalizing the millions of homes around the country...Do you think the bank will help keep a homeowner in his home until they can work out a mutually beneficial deal? If you do, your dumber than they know you are...

Tom in San Diego of CA 1:20AM January 18, 2009

America's Top 25 Home-Foreclosure Cities

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Top 100 U.S. Metro Foreclosure Market Data 2008

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