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Riverside County Leading in Foreclosures For First Half of Year

Riverside County had the fourth-highest foreclosure rate in California from January to June of this year.

Riverside County had the fourth-highest foreclosure rate in the state during the first six months of 2012, a real estate tracking firm reported today.

A total 21,048 mortgage default notices, auction sale notices and bank
repossessions were recorded countywide between January and June, translating to 1 in 38 households in some stage of foreclosure, according to Irvine-based
RealtyTrac.

The number of filings was 9 percent less than the total recorded in the last half of 2011 and 19 percent below the first six months of last year, data showed.

Yuba County had the highest foreclosure rate in the state, with 1 in 37
households in default during the most recent six-month period.

For the month of June, Riverside County ranked fifth in foreclosure activity statewide, with 1 in 166 households faced with repossession. On a quarterly basis, the county was No. 2 in foreclosures, just behind San Joaquin County, which had 1 in 66 households in default.

The second-quarter figures showed Riverside County had 12,081 properties
in some stage of foreclosure -- 6 percent less than the first quarter of 2012
and 15 percent less than the second quarter of 2011.

Nationally, just over a million properties went into foreclosure in the first half of the year, a 2 percent increase compared to the last half of 2011, but 11 percent less than the same period a year ago, according to figures.

California ranked No. 4 in the nation in foreclosure volume between January and June with 213,988 filings. The figure was 13 percent below the tally from July-December 2011 and 19 percent lower than the first half of last year, according to RealtyTrac. One in 64 households were in default statewide.

Nevada had the highest foreclosure rate in the country, with 1 in 57 households delinquent on their loans.

JJ Mclure July 13, 2012 at 01:46 PM
and the dems say illegals help the economy
Jeff Walters July 17, 2012 at 04:17 AM
This is a sad state of affiars for all Americans. What the "liberals" don't see is that when the value of homes goes down, so does the education and pride of ownership of the people who "may" move in. On my street alone you will see cars parked 100% in the front yard facing the main kitchen window, trash piled on the curbs with signs written in spanish and English saying "FREE", stolen shopping carts on the sidewalks, dead yards full of either dirt or weeds and houses that look like crap! If you approach any of these new residents, you can't speak to them becuase none of them speak English. I left Moreno Valley, then Perris, then Escondido becuase of this "non-educated third world religious controlled countries" where these idiots come from. Mainly the catholic church run countries south of the border. We need to take our country back and to have a place where my family can live in comfort without worried about crime. Yes, I live in Temecula! Yes I contact Code Enforcement, yes something is said and nothing done. However if the disabled Marine in a wheelchair doesn't cut his grass as often as needed, he gets FINED! Yes, this happend in Temecula!
JJ Mclure July 17, 2012 at 01:00 PM
code enforcement people are worst then meter maids

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