Cities in the so-called Sand States dominated the foreclosure rankings in 2009, with the 20 worst-hit metro areas residing in Nevada, Florida, California and Arizona.

Las Vegas had the largest number of foreclosure filings of any city last year, with 12% of its households receiving at least one during the year, according to RealtyTrac, the online marketer of foreclosed homes. That was more than five times the national average.

Cape Coral, Fla., was a close second with 11.9% of its households; Merced, Calif., was third with 10.1%.

The good news is that all top 20 cities recorded declines in foreclosure filings in the last three months of the year.

The
bad news is that the foreclosure plague is spreading beyond these usual
trouble spots, according to RealtyTrac’s CEO, James Saccacio. And,
nationwide, foreclosures grew 21.2% during the year.

Source/Full Story: money.cnn.com

Related Items