Foreclosure Report: Metro Areas with the Highest Foreclosure Rates

Foreclosure activity is skyrocketing all across the nation. The following list breaks down the metro areas that have the highest foreclosure rates. Foreclosure Summary The three metro areas with the highest foreclosure rates are Stockton, CA; Detroit, MI; and Las Vegas, NV. Foreclosure activity increased 256 percent in Stockton over to the first half of 2006. There was 1 foreclosure filing for every 29 Detroit households in the first half of 2007. Las Vegas had 22,928 foreclosure filings on 13,028 properties. California had 4 of the metro areas in the top 10, and 6 of the metro areas in the top 20. Yesterday, RealtyTrac, an online marketplace for foreclosures, released...