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Florida metro area claims #1, but valley counties rank 2-3-4

The good news: The Northern San Joaquin Valley no longer is the foreclosure capital of the world.
The bad news: Foreclosure proceedings were started on more than 3,100 homes and nearly 1,300 houses were repossessed by lenders during February in Stanislaus, San Joaquin and Merced counties.

The Florida metropolitan area of Cape Coral-Fort Myers took February’s top spot for having the highest percentage of homes with foreclosure filings, according to RealtyTrac statistics released today.

San Joaquin County was second, Stanislaus third and Merced fourth among the 229 metro areas ranked by RealtyTrac. The three counties have been at or near the top of that foreclosure list for more than a year.

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Tags: Florida, foreclosures, San Joaquin Valley

This entry was posted on Friday, March 14th, 2008 at 7:44 am and is filed under Foreclosure News, Education, and Updates, Mortgage News, Real Estate News. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.