Foreclosure Rate In Riverside County Highest In California

RIVERSIDE (CBS) — Riverside County had the highest foreclosure rate in the state during the first half of 2011, a real estate tracking firm said Thursday.

Irvine-based RealtyTrac said over 25,900 mortgage defaults, auction sale notices and bank repossession were recorded throughout the county between January and June of this year.

The data translates to 1 in 30 Riverside County households in some stage of foreclosure.

While that number was the highest in the state, the total volume of filings dropped 14 percent over the same period in 2010, according to the latest data.

Neighboring San Bernardino County was ranked fifth-highest in foreclosures statewide.

Nationally, the Riverside-San Bernardino-Ontario metropolitan area ranked fifth in foreclosure filings during the first half of 2011. The number of defaults was down 16 percent relative to the previous six months.

“These dramatic decreases indicate the foreclosure pipeline continues to be clogged in many local markets across the country,” said RealtyTrac CEO James J. Saccacio.

A state-by-state breakdown revealed California had the third-highest foreclosure rate in the United States, with 1 in 51 households in default during the first six months of the year.

Foreclosure filings were down 13 percent statewide compared to the last half of 2010.

(©2011 CBS Local Media, a division of CBS Radio Inc. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed. Wire services contributed to this report.)


One Comment

  1. NYU1232 says:

    Capital of the new state of “South California”.

  2. Everyday Guy says:

    Still like your hope and change?

  3. Honest Abe says:

    Riverside County has the largest population of low income workers, non professionals, but blue collar workers a better way of saying it. Average income is in the low 50 k a year and a lot of retirees living off fix incomes, not to mention 60 % of minorities, or Illegal’s. So there is no surprise the Foreclosure market is at an all new high, and probably get worse before it get’s better, obviously the employment rising to 9.5 %

  4. Arpaio says:

    Say goodbye to your net worth Latinos..

  5. nevermind says:

    Majority of Mexicans specially illegals are a humongous burden the rest of us Southern Californians have to carry in our backs. Most politicians in Sacramento specially Democrats are now of Mexican heritage and they are succeding in pushing their agenda to our throats.

    Just look at the “Dream Act” they quietly passed the other day which even the media seem to overlook inspite of our State’s budget problems? Makes you think if there isn’t a Mexican conspiracy going around in our government.

    How can our politicians equate progress by absorbing illegals who are mostly illiterate and without any skills? They are a burden period!

    1. El Silencio says:

      Why don’t you take a look at your liberals judges. If you let me come in your home and disrespect you and your family it’s nobody fault but your for allowing me to do it. Its the same thing with this liberals people in office they are the ones allowing it, so blame them not the people that come over.

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  8. pre foreclosure says:

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