August foreclosures zoom. Sun Belt states catch up with Rust Belt states to lead mortgage delinquency rates, according to a monthly survey. Nevada led all the other states in the rate of August foreclosure filings: one for every 165 households for a total of 6,197. Other hard-hit, Sun Belt states were California (one in 224), Florida (one in 243), Georgia (one in 271), Arizona (one in 289), Colorado (one in 312) and Texas (one in 532). California placed six cities among the top 10 metro areas for the number of filings. Modesto led the way with one of every 79 households. Stockton, Merced, Vallejo-Fairfield, Riverside-San Bernardino and Sacramento also hit the top 10. California, by far the most populous state, also led the nation in the actual number of foreclosures. Some 57,975 households were in some stage of default during the month. Click here to read more.
~Tina Jan~
Coldwell Banker Kivett-Teeters
1655 E. Sixth St.
Beaumont, CA 92223
Work: 951-845-5520 Ext. 105
Fax: 951-845-4916
Cell: 909-446-2666
Toll-Free: 1-877-TINAJAN
tina.jan@coldwellbanker.com
www.tinajan.com
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