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14 American Cities Getting Buried By Foreclosures

Apr 12, 2013, 16:05 IST

Ethan Miller/Getty ImagesOne in every 859 U.S. homes receiving a foreclosure filing, according to RealtyTrac's latest foreclosure report.

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Foreclosure filings were reported on 152,500 U.S. properties. This was down 1 percent month-over-month.

Certain housing markets have recovered well and economists are getting increasingly bullish about the national housing recovery. But housing is a local story and many continue to suffer from an extremely high foreclosure rate.

"Although the overall national foreclosure trend continues to head lower, late-blooming foreclosures are bolting higher in some local markets where aggressive foreclosure prevention efforts in previous years are wearing off,” said Daren Blomquist, vice president at RealtyTrac in a press release.

We drew on RealtyTrac's report to highlight the 14 metros with the highest foreclosure rate.

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Note: The metros are ranked by foreclosure rate i.e. 1 in every X homes received a foreclosure filing. We picked the 14 metros with the highest foreclosure rate from all the metros measured by RealtyTrac.

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