Foreclosure activity tapered off in Riverside County last month, but it remained among state’s top 10 counties with the highest foreclosure rates, a real estate tracking firm reported today.
A total 7,141 mortgage default notices, auction sale notices and bank repossessions were recorded countywide in May, according to Irvine-based RealtyTrac.
The filings represented a 2 percent drop from April and a 34 percent decline from a year ago, figures showed.
Riverside County had the sixth-highest foreclosure rate in the state, with 1 in 108 households in default, according to RealtyTrac.
Merced County was No. 1, followed by Stanislaus County, Sierra County and San Joaquin County.
With 1 in 105 households in default, San Bernardino County was No. 5, according to RealtyTrac.
Nationally, foreclosures declined 3 percent month-to-month and were roughly 1 percent more than the year before, according to RealtyTrac.