Foreclosures hitting hard

Posted on Wed, Aug. 15, 2007
Foreclosures hitting hard
Tony Pugh | McClatchy Newspapers

last updated: August 15, 2007 05:36:16 PM

WASHINGTON — A central California agricultural town, the automobile capital of the world and a down-on-its-luck gambling hotspot had the nation's highest rates of foreclosure filings for the first half of 2007, according to real estate data released Tuesday.

Stockton, Calif., Detroit and Las Vegas — three areas with vastly different economies and demographic trends — have all been hit hard by the nation's growing foreclosure crisis, which is ravaging both major urban areas and Middle America.