“California had seven of the 10 U.S. metro areas with the highest [foreclosure rates in June], including the top three. Stockton, in the state’s central valley, was first with one in every 72 households in a stage of foreclosure, followed by Merced, about 110 miles east of San Francisco, with one in 77 households, and Modesto, near the Sierra Nevada mountains, with one in 86 households. Riverside-San Bernardino ranked fifth, Vallejo-Fairfield was seventh, Bakersfield was eighth and Salinas-Monterey was tenth.”
∙ Foreclosures Rose 53% in June, Bank Seizures Triple [Bloomberg]