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News Foreclosure activity in the third quarter of 2006 is up in most
U.S. cities, real-estate data firm RealtyTrac reported Friday,
November 10, 2006. The Irvine-based firm said 318,355 properties
in the United States entered some stage of foreclosure in the
third quarter -- a 17 percent increase over the prior quarter. San Diego 's foreclosure rate rank was 35th with a third quarter
total of 4,069, one for every 256 households and up 56.74 percent
from the second quarter. Detroit , Fort Lauderdale , Fla. and the Denver-Aurora, Colo.
metro areas saw the highest growth in foreclosure activities. One
in every 80 Detroit households had a property enter some stage
of foreclosure, while in Fort Lauderdale it was one in every 88
households and one in every 90 homes in Denver . While most of the country's 100 largest metro areas saw some increase
in foreclosure activity, there was a handful that reported lower
rates of properties entering the foreclosure process, according
to RealtyTrac.
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