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