Detroit 2nd nationally among metro areas with most foreclosures

By: The Associated Press
By: The Associated Press

Metropolitan Detroit has one of the nation's highest rates of home foreclosures.

A mortgage research company says there was one foreclosure filing for every 33 Detroit-area households in July through September.

Only metropolitan Stockton, California, had a higher rate at one foreclosure for every 31 households.

The Detroit area reported 26,000 foreclosure filings, about twice the level of a year earlier.

The figures come from RealtyTrac in Irvine, California.

The company says many homeowners now are getting in trouble in the formerly hot real estate markets of California and Florida.

Comments are posted from viewers like you and do not always reflect the views of this station.
powered by Disqus
WNDU - Channel 16 54516 State Road 933 South Bend, IN 46637 Front Desk: 574-284-3000 Newsroom: 574-284-3016 Email:
Copyright © 2002-2014 - Designed by Gray Digital Media - Powered by Clickability 11268766 -
Gray Television, Inc.