We came in third!

Riverside/San Bernardino came in third in the Realtytrac foreclosure chart. The ranking is based on the amount of homes per 100 that went into foreclosure in 2008. We had 8% putting us in third place behind 2nd place behind Las Vegas and first place Stockton. HOWEVER, we came in FIRST place in quantity! First place by a mile. We were the only area to crack 100k. Yea baby, we ARE number one!

    Rate                                      %Housing   from
Rank  State            Metro Name      Total   Units    2007
1 CA     STOCKTON                     21,127   9.46    99.16
2 NV     LAS VEGAS/PARADISE           67,223   8.89   121.31
3 CA     RIVERSIDE/SAN BERNARDINO    112,284   8.02   117.02
4 CA     BAKERSFIELD                  16,208   6.17   115.42
5 AZ     PHOENIX/MESA                 97,684   6.02   220.77
6 FL     FORT LAUDERDALE              47,387   5.95   127.81
7 FL     ORLANDO                      46,843   5.48   195.84
8 FL     MIAMI                        49,697   5.21    96.46
9 CA     SACRAMENTO                   39,876   5.20    67.74

Also check out this chart from Piggington's site in San Diego. It's a graph of defaults and foreclosures. You can clearly see the effect of California foreclosure bill AB1137 in Sept. And you can clearly see that the banks are catching up!



Then there is this chart from Mr Mortgage's site also showing the defaults going through the roof even though Countrywide and Freddie/Fannie had stopped for the holidays. Default notices were up 100% from Nov to Dec! (21k in Nov and 41k in Dec)