Friday, September 15, 2006

Daily Bulletin - "Inland Empire foreclosures on rise" (9-14-06)

"
Riverside County has the highest foreclosure rate in California, although there's some disagreement about what that means."

"When RealtyTrac released its August 2006 foreclosure numbers Wednesday, California had the most new foreclosure filings of any state in the country. Some of that was obviously because of size, because the statewide rate -- one foreclosure for every 977 households -- was only slightly above the national average."

"Both Riverside County and San Bernardino County were worse off than the state as a whole. One of every 359 households in Riverside went into foreclosure in August, while the corresponding number in San Bernardino was one of every 552."

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