Home foreclosure high in 2007 in US

The metro areas that had highest increase in the number of properties and property prices in the last few years underwent a stage of foreclosure in the last year.The top 20 metro areas in US that had the highest foreclosure rates were in the states of California, Ohio, Florida and Michigan.

The rate of foreclosure has increased in US as the home prices have fallen in the last year and the economy also suffered leading to an increase in unemployment rate in the country. The highest foreclosure rates were reported in Stockton, Las Vegas and California.