From today's Bakersfield Californian:
Bakersfield in top ten nationwide for foreclosure rate
BY RYAN SCHUSTER, CALIFORNIAN STAFF WRITER
Wednesday, Apr 25 2007 12:02 PM
Bakersfield had the eighth-highest foreclosure rate in the nation during the first quarter of 2007 with one foreclosure filing for every 83 households.
The national foreclosure rate in the first quarter was one foreclosure filing for every 264 households and California’s first quarter foreclosure rate was one filing every 152 households.
Bakersfield had 2,779 properties enter some stage of foreclosure in the first three months of 2007, according to RealtyTrac, an online marketplace for foreclosure properties.
California’s 80,595 foreclosure filings in the first quarter was up 68 percent from the previous quarter and more than twice the state’s total from the first quarter of 2006.
The foreclosure numbers included notices of default, a precursor to foreclosure, notices of trustee and foreclosure sale and bank repossessions. The numbers included houses and some condos.