San Francisco Bay Area Not Heavily Hit by Foreclosures

Foreclosures continue throughout the country many people see in the news, the paper, and in the internet in many parts of the country. Again, for the most part, the San Francisco Bay Area real estate market has been one of the exceptions. The only cities that have felt the major weight of the foreclosures in the Bay Area has been the city of Oakland and in neighboring county of Sacramento with the city of Sacramento itself.

The States that are having the most foreclosures have been Ohio and California, but with California, it’s been mainly in the Southern part of the State. RealtyTrac, a company that sells foreclosed properties throughout the country just released a report that shows the top 20 areas in rate of foreclosures.

TOP 20 (in no particular order) RATES of FORECLOSURE by RealtyTrac in the MONTHS of JANURARY to JUNE 2007

CALIFORNIA

Bakersfield

Fresno

Oakland

Riverside

Sacramento

San Bernardino

Stockton

COLORADO

Aurora

Denver

FLORIDA

Fort Lauderdale

GEORGIA

Atlanta

Marietta

Sandy Springs

MICHIGAN

Dearborn

Detroit

Livonia

NEVADA

Las Vegas

Paradise

OHIO

Akron

Cleveland

Columbus

Dayton

Elyria

Lorain

Mentor

TENNESSEE
Memphis

TEXAS

Arlington

Forth Worth