14 American Cities Getting Buried By Foreclosures

One in every 859 U.S. homes receiving a foreclosure filing, according to RealtyTrac's latest foreclosure report. 

Foreclosure filings were reported on 152,500 U.S. properties. This was down 1 percent month-over-month.

Certain housing markets have recovered well and economists are getting increasingly bullish about the national housing recovery. But housing is a local story and many continue to suffer from an extremely high foreclosure rate. 

"Although the overall national foreclosure trend continues to head lower, late-blooming foreclosures are bolting higher in some local markets where aggressive foreclosure prevention efforts in previous years are wearing off,” said Daren Blomquist, vice president at RealtyTrac in a press release.

We drew on RealtyTrac's report to highlight the 14 metros with the highest foreclosure rate.

Note: The metros are ranked by foreclosure rate i.e. 1 in every X homes received a foreclosure filing. We picked the 14 metros with the highest foreclosure rate from all the metros measured by RealtyTrac.

Akron, Ohio

1 in every 417 homes received a foreclosure filing in March 2013

Properties with foreclosure filings:
748

Change from February 2013:
-7.54 percent

Change from March 2012:
+19.87 percent

Source: RealtyTrac

Dayton, Ohio

1 in every 416 homes received a foreclosure filing in March 2013

Properties with foreclosure filings:
924

Change from February 2013:
+0.11 percent

Change from March 2012:
+106.71 percent

Source: RealtyTrac

Olympia, Washington

1 in every 411 homes received a foreclosure filing in March 2013

Properties with foreclosure filings:
260

Change from February 2013:
+124.14 percent

Change from March 2012:
+584.21 percent

Source: RealtyTrac

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