The metro Detroit area had the highest foreclosure rate among the 100 largest U.S. metropolitan areas in 2007, RealtyTrac announced Wednesday, in a press release. Stockton, California and Las Vegas, Nevada ranked second and third.
RealtyTrac also released statistics indicating that U.S. foreclosures increased 79.2% in 2007 to 2,203,295, up from 1,774,778 in 2006.
Detroit hard hit
Detroit registered the highest foreclosure rate among the nation's 100 largest metro areas, with close to 5% of its households entering some stage of foreclosure during the year -- 4.8 times the national average and up about 3% from 2006. A total of 72,616 foreclosure filings on 41,273 properties were reported in the Detroit metro area in 2007, up 68% from 2006. The other Michigan metro area with a foreclosure rate in the top 20 was Warren-Farmington Hills-Troy, at No. 17.
Stockton, California led the U.S. in foreclosures in the third quarter among the top 100 metropolitan areas with an astounding one filing for every 31 households, 
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