We're the home of Texas' highest foreclosure rate

Published: August 15, 2007, 6:56 am

By ANDREA JARES The Fort Worth-Arlington area had the highest rate of home foreclosures in the state and among the highest in the nation during the first half of 2007, according to a new national analysis of metropolitan areas.Foreclosures hit one of every 57 households in Fort Worth-Arlington, ranking it 13th among the nation's top 100 metro areas, according to RealtyTrac, a California-based foreclosure-tracking service.Topping the list was Stockton, Calif., with one for every 27 households, followed by Detroit, with 29, and Las Vegas, 31. Dallas trailed closely behind Fort Worth-Arlington, ranking 17th, with one foreclosure for every 65 households.In Fort Worth and Arlington, RealtyTrac identified 13,221 homes in financial trouble in the first six months of 2007, a drop of 10 percent from the level in the first half of 2006. The RealtyTrac analysis includes mortgages in default as well as properties posted for foreclosure or sold at auction.The number of foreclosures in Tarrant

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