California ranked highest nationally in the overall number of foreclosure filings, totaling 92,249, according to RealtyTrac. Nevada had the highest foreclosure rate — 1 in every 64 households. California’s rate was 1 in every 144. Florida was third with 1 in 148, data showed.
RealtyTrac CEO James J. Saccacio said that while defaults and foreclosure auctions dipped last month across the country, bank repossessions picked up, and he expected that trend to continue “as foreclosure delays and moratoria implemented by various state laws come to an end.”
Riverside County ranked third in the state in foreclosure activity, with 1 in 70 households in default, according to RealtyTrac.
Mon, Jun 29, 2009
Crisis News, Socal Info