Mortgages & Creative Financing

California Dominates National Foreclosure Scene. A Look at the Top 10 Foreclosure Cities.

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According to recent RealtyTrac numbers, California has been taking a major hit in terms of foreclosures. Several California Metro areas have dominated the top 10. Stockton, CA – 8,169 filings, a 256 percent increase (1 foreclosure for every 27 households2) over the same period last year. 1 “Six California cities rank in the top 10 [...] View the full article: California Dominates National Foreclosure Scene. A Look at the Top 10 Foreclosure Cities. on The BiggerPockets Blog. This content is Copyright © 2017 BiggerPockets, Inc. All Rights Reserved.

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Joshua Dorkin is a serial entrepreneur, investor, podcaster, publisher, educator, and co-author of
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    Hawaii real estate
    Replied over 12 years ago
    Those Californians all have champagne taste!
    Hawaii real estate
    Replied over 12 years ago
    Those Californians all have champagne taste! Reply Report comment
    Jason
    Replied over 12 years ago
    The way I see it, here in Vegas (#3 in foreclosures) there are two foreclosure rates… SFR’s and High Rises… SFR’s are going fast to the auction block but high rises are a much lower rate per property. Our market is also much better than other cities like Miami where there are 40K high rise properties on the MLS!!! In Vegas there are less than 2K. Big difference. It’s doom and gloom for SFR but NOT for high rise in Vegas. -Jason Fox
    Jason
    Replied over 12 years ago
    The way I see it, here in Vegas (#3 in foreclosures) there are two foreclosure rates… SFR’s and High Rises… SFR’s are going fast to the auction block but high rises are a much lower rate per property. Our market is also much better than other cities like Miami where there are 40K high rise properties on the MLS!!! In Vegas there are less than 2K. Big difference. It’s doom and gloom for SFR but NOT for high rise in Vegas. -Jason Fox Reply Report comment
    Philadelphia Labor Lawyer
    Replied over 12 years ago
    That was easy to foresee. The popular creative loans people have been taking out allowed people to purchase homes way out of their price range. What is going to happen if we hit a huge recession in the economy? We’re about due for a major correction.
    Philadelphia Labor Lawyer
    Replied over 12 years ago
    That was easy to foresee. The popular creative loans people have been taking out allowed people to purchase homes way out of their price range. What is going to happen if we hit a huge recession in the economy? We’re about due for a major correction. Reply Report comment
    Philadelphia Labor Lawyer
    Replied over 12 years ago
    That was easy to foresee. The popular creative loans people have been taking out allowed people to purchase homes way out of their price range. What is going to happen if we hit a huge recession in the economy? We’re about due for a major correction.
    Dallas homes for sale
    Replied over 12 years ago
    I know the North Texas real estate market cant be that far behind, we are setting all kinds of foreclosure records as well.
    Dallas Real Estate Buyer Rebate
    Replied almost 12 years ago
    I have seen foreclosures rise so badly that I feel sorry for all the homeowners who will lose their homes. I feel that the lenders should shoulder more of the blame because they did not follow good practices when they are lending and they put every one into this position.
    Rick Delgado
    Replied over 6 years ago
    So many foreclosures are sad news indeed and I do feel sorry for the people who are losing their homes to this. However, so many times people are themselves responsible for putting themselves in such a messy situation. If you buy a house that costs way more than your present paying back capacity, this is definitely going to happen. However, the lenders are to blame as well as they need to follow better practices and give people more time instead of moving towards the foreclosures so quickly.
    Rick Delgado
    Replied over 6 years ago
    So many foreclosures are sad news indeed and I do feel sorry for the people who are losing their homes to this. However, so many times people are themselves responsible for putting themselves in such a messy situation. If you buy a house that costs way more than your present paying back capacity, this is definitely going to happen. However, the lenders are to blame as well as they need to follow better practices and give people more time instead of moving towards the foreclosures so quickly.