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The Top 10 Cities for Foreclosures -- 6 are in California
AP Photo/Paul Sakuma
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.
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You come to LAist because you want independent reporting and trustworthy local information. Our nonprofit newsroom doesn’t answer to shareholders looking to turn a profit. Instead, we answer to you and our communities. We are free to follow facts wherever they lead and to hold power to account without fear or favor. Our only loyalty is to our readers and listeners and our mission: to inform, engage, and strengthen Southern California’s communities.
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