According to some stats compiled by a Patrick.net reader from the website Trulia.com, more than half of all listings in California are the result of foreclosures. Of course there are many areas -- chiefly in the Inland Empire, the Antelope Valley and Sacramento area -- where this percentage is much higher (well over 70% in Fontana/Rialto, which experienced a huge run-up in prices during the boom).
| CALIFORNIA CITIES | % LISTINGS IN FORECLOSURE |
| Rialto | 76.80% |
| Los Banos | 75.90% |
| Fontana | 72.90% |
| Pittsburg | 72.40% |
| Sacramento | 71.60% |
| San Bernardino | 70.60% |
| Moreno Valley | 69.60% |
| Colton | 68.40% |
| Chula Vista | 68.00% |
| Huntington Park | 67.70% |
| Ontario | 66.70% |
| Palmdale | 65.60% |
| Compton | 63.50% |
| Riverside | 63.10% |
| Lawndale | 63.00% |
| Highland | 61.30% |
| Buena Park | 60.50% |
| Corona | 59.60% |
| Carson | 59.00% |
| Lancaster | 58.50% |
| Wilmington | 58.50% |
| Pomona | 58.30% |
| Downey | 57.10% |
| Hemet | 57.00% |
| Temecula | 55.60% |
| Chino | 55.10% |
| Santa Clarita | 54.40% |
| Escondido | 52.80% |
| San Jose | 52.70% |
| West Covina | 50.90% |
| San Diego | 49.50% |
| Lakewood | 47.70% |
| El Monte | 47.60% |
| Upland | 47.20% |
| Long Beach | 46.90% |
| Valencia | 46.70% |
| Redlands | 45.60% |
| Orange | 44.60% |
| Glendale | 44.10% |
| Bakersfield | 42.80% |
| Hawthorne | 41.80% |
| Inglewood | 41.00% |
| San Pedro | 38.60% |
| Torrance | 37.80% |
| Los Angeles | 36.60% |
| Big Bear | 33.70% |
| Rancho Bernardo | 32.20% |
| Pasadena | 32.00% |
| Huntington Beach | 30.30% |
| Rancho Palos Ve rdes | 28.60% |
| Redondo Beach | 27.10% |
| Hermosa Beach | 26.70% |
| Irvine | 26.60% |
| San Francisco | 25.10% |
| Manhattan Beach | 22.80% |
| Rolling Hills | 22.20% |
| Culver City | 21.60% |
| El Segundo | 16.00% |
| Newport Beach | 12.00% |
| Marina Del Rey | 10.80% |
| Playa Del Rey | 9.00% |
| Oxnard | 8.10% |
| Laguna Beach | 5.60% |
| Simi Valley | 4.50% |
| Goleta | 3.30% |
| Malibu | 2.50% |
| Santa Barbara | 1.60% |
| Thousand Oaks | 1.30% |
| Westchester | 0.00% |
| OVERALL | 53.40% |
| Source: Trulia.com |
So how do other U.S. cities compare?
| OTHER U.S. CITIES | % LISTINGS IN FORECLOSURE |
| Las Vegas, NV | 52.20% |
| Denver, CO | 49.20% |
| Miami, FL | 47.60% |
| Henderson, NV | 45.10% |
| Phoenix, AZ | 43.70% |
| Dallas, TX | 25.20% |
| Houston, TX | 23.80% |
| Salt Lake City, UT | 23.60% |
| Seattle, WA | 18.00% |
| Boise, ID | 14.70% |
| Fort Walton Bea ch, FL | 14.00% |
| San Antonio, TX | 6.60% |
| Silverton, OR | 2.40% |
| Beaverton, OR | 2.10% |
| Happy Valley, O R | 1.00% |
| Portland, OR | 0.90% |
| Huntsville, AL | 0.90% |
| Sherwood, OR | 0.70% |
| West Linn, OR | 0.70% |
| Wilsonville, OR | 0.00% |
| Lake Oswego, OR | 0.00% |
| OVERALL | 36.70% |
| Source: Trulia.com |
2 comments:
DO NOT LOSE YOUR HOME, Fight Back!!!
Go over your loan documents for any violations of the FNMA
FannieMae) guidelines, which is not only the vast majority of all
mortgages, but is also used as an industry standard. Any
violations (FRAUD), means the lender must buy back the loan.
The biggest investment most Americans will make is now the
target of one of the country's largest financial scams and labeled:
"The Perfect Crime."
When fully exposed, this will make Enron look like a parking
ticket.
Do note lose your home. Do not walk away. Do not refinance to
get out of a loan you could not afford to begin with.
IMPORTANT TIP: One of the most effective tools to cut
through the toxic mortgage maze is a mortgage audit or forensic
loan document review that can help discover legal violations on
your loan, which will help you negotiate your mortgage before
you are late.
For public safety and awareness please visit our websites:
http://www.avenue-s.us/ and http://www.avenue-s.info/
Your only hope is to fight back.
http://www.youtube.com/watch?v=kswEb-iVsms
YES, a forensic loan audit.
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