Sacramento Foreclosures Double
The Sacramento metro area (Sacramento, PLacer, El Dorado and Yolo counties) came in at number five for foreclosure rates in a survey of the United States’ top 100 metropolitan areas for the first six months of 2007.
Sacramento joined four other California cities in the top ten metro areas in RealtyTrac’s foreclosure activity report.
Sacramento saw a 241 percent increase in filings compared to the first half of 2006. The foreclosure rate also went up 162 percent from the second half of 2006.
More than 20,000 foreclosure filings were reported in the Sacramento area.
Stockton was number one for foreclosures in the nation, with one filing for every 27 homes.