Q1 Foreclosures Accelerate 112%
California and Florida responsible for 13 of the top 20 cities with foreclosures.
Default notices, auction sale notices and bank repossessions - were reported on 649,917 properties during Q1,
a 23% increase from the previous quarter and a 112% increase Yoy with 1 in every 194 U.S. households receiving a foreclosure filing during Q108.
Nevada, 1 in 54, the per capita leader, 3.6X the national average with 19,595 foreclosures, +3% vs Q407 and +137% vs Q107.
California, 1 in 78; 169,831 the volume leader, +32% vs Q407 and +213% vs Q107.
Arizona, 1 in 95, 27,404 +45% vs Q407 and +245% vs Q107.
Florida, 1 in 97, 87,893 +17% vs Q407 and +178% vs Q107.
California cities of Stockton and Riverside-San Bernardino taking the No. 1 and No. 2 spots.
Stockton 1 in 30, 6.6X the national average; Riverside-San Bernardino, 1 in 38.
Other California metro areas in the top 20 included Bakersfield at No. 4, Sacramento at No. 5, San Diego at No. 9, Oakland at No. 10, Fresno at No. 12, Los Angeles at No. 17 and Orange County at No. 19.
#3 Las Vegas with 1 in 44; Ft. Lauderdale #8 with 1 in 73; Orlando at No. 13, Miami at No. 14 and Sarasota-Bradenton-Venice at No. 15. The foreclosure rate in Tampa-St. Petersburg-Clearwater ranked No. 21.
Other metro areas with foreclosure rates among the top 20 included Denver at No. 11, Atlanta at No. 16, Cleveland at No. 18 and Memphis, Tenn., at No. 20.
Hattip to A Naybob of Realty and RealtyTrac
Default notices, auction sale notices and bank repossessions - were reported on 649,917 properties during Q1,
a 23% increase from the previous quarter and a 112% increase Yoy with 1 in every 194 U.S. households receiving a foreclosure filing during Q108.
Nevada, 1 in 54, the per capita leader, 3.6X the national average with 19,595 foreclosures, +3% vs Q407 and +137% vs Q107.
California, 1 in 78; 169,831 the volume leader, +32% vs Q407 and +213% vs Q107.
Arizona, 1 in 95, 27,404 +45% vs Q407 and +245% vs Q107.
Florida, 1 in 97, 87,893 +17% vs Q407 and +178% vs Q107.
California cities of Stockton and Riverside-San Bernardino taking the No. 1 and No. 2 spots.
Stockton 1 in 30, 6.6X the national average; Riverside-San Bernardino, 1 in 38.
Other California metro areas in the top 20 included Bakersfield at No. 4, Sacramento at No. 5, San Diego at No. 9, Oakland at No. 10, Fresno at No. 12, Los Angeles at No. 17 and Orange County at No. 19.
#3 Las Vegas with 1 in 44; Ft. Lauderdale #8 with 1 in 73; Orlando at No. 13, Miami at No. 14 and Sarasota-Bradenton-Venice at No. 15. The foreclosure rate in Tampa-St. Petersburg-Clearwater ranked No. 21.
Other metro areas with foreclosure rates among the top 20 included Denver at No. 11, Atlanta at No. 16, Cleveland at No. 18 and Memphis, Tenn., at No. 20.
Hattip to A Naybob of Realty and RealtyTrac
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