Not exactly. California is the state with the third-highest rate of foreclosure in the U.S. That’s nothing to be proud of, but considering our size and the depth of the Recession, it isn’t the end of the world. At least we’re doing better than Nevada and Arizona, right?
Yes and no. While overall state-wide numbers place California third, the percentage of foreclosures in particular metro areas is a different story. Truth to tell, California metro areas make up 7 of the top 10 worst cities for foreclosures.