America's Rapidly Rising Foreclosure Areas

Though delinquencies continue to mount in Detroit, Stockton, Calif., and Las Vegas, markets where the number of foreclosures are relatively low, but rapidly rising, are also causing concern.

Take the Washington, D.C., metro, the Baltimore metro and many spots that fall between the two. While the sheer number of foreclosure filings in Bethesda, Md., (a metro that includes Frederick and Gaithersburg) are about a quarter of those in Detroit, they're up a whopping 1,288% in 2007, according to a RealtyTrac's year-end report, released today. In addition, they're up 574.9% in Washington, D.C., which includes the Maryland and Virginia suburbs, and up 544% in the Baltimore metro.

To read the the entire article click on the link below:
http://www.forbes.com/2008/02/12/rates-foreclosure-housing-forbeslife-cx_mw_0213realestate.html?partner=alerts

In Depth: America's Rapidly Rising Foreclosure Spots