WASHINGTON, April 22, 2009
Worst Foreclosure Rates Found In 4 States
26 Cities With Biggest Problem Concentrated In California, Florida, Arizona And Nevada
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The 26 cities with the highest foreclosure rates in the country are located in four states - California, Florida, Arizona and Nevada, according to a report released April 22, 2009. (CBS)
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News Tools Foreclosure Rates A state-by-state look at foreclosure rates, which were up 81 percent nationwide in 2008.
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In-Depth Q&A: Mortgage Help New plan to allow lenders to alter delinquent loans more quickly.
The report on foreclosures for the first quarter by RealtyTrac Inc. said the highest foreclosure rates were found in Las Vegas, Merced, Calif. and the Cape Coral-Fort Myers area in Florida. Next on the list were the California metro areas of Stockton, Riverside, Modesto, Bakersfield and Vallejo-Fairfield.
Rounding out the top 10 were Phoenix and Port St. Lucie, Fla. Outside of the four high-foreclosure states, the worst foreclosure rates were in Boise City, Idaho (No. 27) and Greeley, Colo. (No. 29).
Three Ohio cities were in the top 50: Canton (No. 44), Toledo (No. 46) and Columbus (No. 49).
The number of American households threatened with losing their homes grew 24 percent in the first three months of this year and is poised to rise further as major lenders restart foreclosures after a temporary break.
Nationwide, nearly 804,000 homes received at least one foreclosure-related notice from January through March, up from about 650,000 in the same period a year earlier, RealtyTrac said last week.
The big unknown for the coming months is President Barack Obama's plan to help up to 9 million borrowers avoid foreclosure through refinanced mortgages or modified loans.
The Obama administration expects it to make a big dent in the foreclosure crisis. But it remains to be seen whether the lending industry will fully embrace the efforts, despite a promise of $75 billion in incentive payments.
© MMIX The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed.
Add a Comment See all 13 Comments
- Rachel And Her Children: Homeless Families In America @ http://reno.broowaha.com/article.php?id=3206
The three million foreclosures have also added to the homeless despair.
illegal Is Your Lender A Patriot Or Terrorist?
http://reno.broowaha.com/article.php?id=3462
Just Do The Required Home Loan Modification
http://reno.broowaha.com/article.php?id=4070
Beware Of Fraudulent Foreclosure Notices. Many of these Notices of Default are not real, they are fraudulent and they are just another way to steal houses. Then the fraudster ?sells? the stolen house under a fraudulent Trustee?s Deed. http://reno.broowaha.com/article.php?id=3825
Reno, Nevada?s Countrywide Home Loans manager Sue Barry should also be charged with Mortgage Fraud, along with Prudential Nevada Realty former Regional Manager Valerie Mapes, former Prudential Nevada Realty Realtor Keith W. Gledhill, Mortgage Fraudster Reno landlords John and Kay Sickler, Mortgage Fraudster Reno escrow officer Jenna Kay Clark and her company Reno?s First American Title, Reno Realtor Allan Zane and his Broker Magi Bird, and Reno?s First American Title.
http://reno.broowaha.com/article.php?id=3415
http://reno.broowaha.com/article.php?id=3300
http://reno.broowaha.com/article.php?id=3320
http://reno.broowaha.com/article.php?id=3351
http://reno.broowaha.com/article.php?id=3372
http://reno.broowaha.com/article.php?id=3377
http://reno.broowaha.com/article.php?id=3397
http://reno.broowaha.com/article.php?id=3404
http://reno.broowaha.com/article.php?id=3421
http://reno.broowaha.com/article.php?id=3430
http://reno.broowaha.com/article.php?id=3448
For copies of the supporting documents that have been uploaded, see http://renomortgagefraudexposes.ning.com/ - Reply to this comment
- More lame neo-wack conspiracy theory BS, courtesy of the Rushites. You're earning your money today Rowdy! Sheesh!
Posted by bobbyduck1 at 9:12 AM : Apr 22, 2009
I hope they are paying her in Monopoly Money, She'll never know the difference. - Reply to this comment
- Don't blame the American people.
They were told by British agents and idiots like Milton Friedman that un-regulated capitalism was the way to go, that 'market discipline' would correct any injuries incurred by 'irrational exuberance'.
Well that didn't happen.
What happened was that the banksters plotted this crisis all along to force a naive government to legitimize the 'mortgage back securities' MBS and give the green light to use them as collateral for worthless credit-default swaps.
Folks...WE'RE BEING LOOTED!!!
CALL CONGRESS AND DEMAND AN END TO ALL BAILOUTS NOW!!!!!! - Reply to this comment
- "The 26 U.S. cities with the worst foreclosure problems are concentrated in four states - California, Florida, Arizona and Nevada, a report released Wednesday shows. "
This just in from CBS:
Water is wet.
The sun is hot.
And CBS Evening News is still #3 in the nightly news ratings. - Reply to this comment
- Yeah, funny isn't it...
We have the head of Fannie/Freddie found dead from 'suicide'...makes you wonder what he knows, doesn't it?
Then in the same week, we have the FBI agent in charge of the investigation of Axelrod's company that hacked the US passport system found riddled with bullets in his car...
About a year ago, we had a dead gay choir boy at the TUCC in Chicago, DUMBAMA's church...
Anybody get a sense of the Clinton years?
NEXT???
Posted by Rowdy106 at 8:57 AM : Apr 22, 2009
SOS different day - Reply to this comment
- Why did the commies round up losers and sell them these overbloated priced homes in well to do white neighborhoods that they couldn't afford?
You got any CLUE, Hungry?
Posted by Rowdy106 at 8:54 AM : Apr 22, 2009
Yeah - that's it.
They took crack heads out of the ghetto and sold them $5,000,000 homes in Coral Gables, FL.
Who made THOSE loans?!?!?! Did the crack heads even know what they were buying, or better yet, did they even know that they were buying something? - Reply to this comment
- Posted by edblvgtbl11 at 8:40 AM : Apr 22, 2009
That rant looks familiar - Reply to this comment
- Anybody get a sense of the Clinton years?
NEXT???
Posted by Rowdy106 at 8:57 AM : Apr 22, 2009
More lame neo-wack conspiracy theory BS, courtesy of the Rushites. You're earning your money today Rowdy! Sheesh! - Reply to this comment
- Why won't CBS allow us to comment on the Freddie Mac CFO "suicide" (ha ha ha) story?
Suicide? Like the "suicide" of former Enron Corp. vice chairman J. Clifford Baxter?
Posted by WayAround at 6:32 AM : Apr 22, 2009
And Ken Lay's "heart attack"? - Reply to this comment
- with foreclosures concentrated in 4 states it should be easy to provide a demographic of these failed loans.
Posted by jgg00000008 at 7:02 AM : Apr 22, 2009
With the exception of Stockton and Riverside, they are all predominantly white, well-to-do communities.
What's your point? - Reply to this comment
- Why won't CBS allow us to comment on the Freddie Mac CFO "suicide" (ha ha ha) story?
(hahaha) I wonder. Probably because they know what jerks like you will say. - Reply to this comment
- Why won't CBS allow us to comment on the Freddie Mac CFO "suicide" (ha ha ha) story?
Suicide? Like the "suicide" of former Enron Corp. vice chairman J. Clifford Baxter? - Reply to this comment
- Why won't CBS allow us to comment on the Freddie Mac CFO "suicide" (ha ha ha) story?
Suicide? Like the "suicide" of D.C. Madam Deborah Palfrey?
Hey, Godfather, how long do you think the Americans will continue to believe the "suicide" excuse?
(My guess: They've stopped believing already...that's why CBS won't allow us to comment.) - Reply to this comment
