Support for LAist comes from
We Explain L.A.
Stay Connected

Share This

This is an archival story that predates current editorial management.

This archival content was written, edited, and published prior to LAist's acquisition by its current owner, Southern California Public Radio ("SCPR"). Content, such as language choice and subject matter, in archival articles therefore may not align with SCPR's current editorial standards. To learn more about those standards and why we make this distinction, please click here.

News

The Top 10 Cities for Foreclosures -- 6 are in California

foreclosure-rate-california.jpg
AP Photo/Paul Sakuma
Before you read more...
Dear reader, we're asking you to help us keep local news available for all. Your tax-deductible financial support keeps our stories free to read, instead of hidden behind paywalls. We believe when reliable local reporting is widely available, the entire community benefits. Thank you for investing in your neighborhood.

The news isn't so surprising for a state that saw a housing boom like no other, only to see it crumble with the recession. And with the national foreclosure rate up 25% since August 2009, some are saying the worst has yet to come, according to ABC News, which today released a list of the top 10 foreclosure cities. Six of those are in California, including the Riverside-San Bernardino-Ontario area where the foreclosure rate is 1 in 8 Homes and unemployment stands at 13.3% . Other California cities hit are in Central or Northern parts of the state: Bakersfield, Vallejo/Fairfield, Stockton, Merced and Modesto.