Foreclosures hit some cities harder than others.

[bartongrl1]

Foreclosure rates continued to rise in the third quarter in most of the top 100 largest metropolitan areas of the country, according to the latest data from RealtyTrac, a Web site that logs foreclosure filings.

Stockton, Calif., saw the highest rate of foreclosures — with one filing for every 31 households — a rise of 32 percent from the second quarter and more than five times the rate of last year’s third quarter. Foreclosures in Detroit were up 92 percent from the second quarter of this year; the pace in California's Riverside-San Bernardino area rose 39 percent.

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[alexfardreamer@aol.com]

That's why I am so conservative - or skittish - about house flipping, especially in South Florida. In my neighborhood alone, there are several houses "For Sale" and no one wants to buy them. One of my neighbors now has two mortgages PLUS two maintenance fees to pay because he can't sell one house.