California Cities Still Dominate Foreclosure Rates

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The 26 American cities with the worst foreclosure problems are concentrated in four states: California, Florida, Arizona and Nevada.

RealtyTrac's latest report on foreclosures for the first quarter says the highest rates were in Las Vegas, Merced, (Calif.) and the Cape Coral-Fort Myers area in Florida.

Next on the list were the California metro areas of Stockton, Riverside, Modesto, Bakersfield and Vallejo-Fairfield. Phoenix and Port St. Lucie, Fla., rounded out the top 10.

Copyright AP - Associated Press
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