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The 17 Cities With The Highest Foreclosure Rates In America

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National foreclosures fell 7 percent month-over-month in January and were down 28 percent on the year, according to RealtyTrac's latest foreclosure report. 

This was in large part due to a California legislation called the California Homeowner Bill of Rights that came into effect on January 1.

But large parts of the country continue to see a rise in foreclosure rate. We drew on RealtyTrac's latest foreclosure report to highlight the 17 metros with the highest foreclosure rate.

Note: The metros are ranked by foreclosure rate i.e. 1in every X homes received a foreclosure filing. We picked the 17 metros with the highest foreclosure rate from all the metros measured by RealtyTrac.

Modesto, California

1 in every 415 homes received a foreclosure filing in January 2013

Properties with foreclosure filings:
431

Change from December 2012:
-25.17 percent

Change from January 2012:
-65.71 percent

Source: RealtyTrac



Sarasota-Bradenton-Venice, FL

1 in every 391 homes received a foreclosure filing in January 2013

Properties with foreclosure filings:
1,021

Change from December 2012:
+9.20 percent

Change from January 2012:
-14.77 percent

Source: RealtyTrac



Atlanta-Sandy Springs-Marietta, Georgia

1 in every 390 homes received a foreclosure filing in January 2013

Properties with foreclosure filings:
5,518

Change from December 2012:
+6.83 percent

Change from January 2012:
-36.18 percent

Source: RealtyTrac



See the rest of the story at Business Insider

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