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Saturday, November 29, 2008

Top Australian CEOs snub Government wage freeze plan

Stockton, Calif., Detroit, Michigan and Riverside-San Bernardino, Calif., had the three highest foreclosure rates among the 100 biggest U.S. metro areas in the quarter.

Stockton's rate of one foreclosure filing for every 31 households, the highest of the metro areas, was a surge of more than 30 percent from the prior quarter. A total of 7,116 filings on 4,409 properties were reported in the metro area during the quarter.

In Detroit, the foreclosure rate of one filing for every 33 households ranked second and was more than double the number of filings reported in the previous quarter, RealtyTrac said. A total of 25,708 filings on 16,079 properties were reported.

Other cities in the top 10 were Fort Lauderdale, Fla.; Las Vegas, Nevada; Sacramento, Calif.; Cleveland, Ohio; Miami, Florida; Bakersfield, Calif. read more

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