Inland Southern California continued to be a hotbed of foreclosure activity last month, with the number of homes repossessed by lenders increasing nearly 21-fold in Riverside County and 15-fold in San Bernardino County over a year ago.
Riverside County saw 6,103 homes go into all stages of foreclosure — defaults, bank repossessions, and trustee auctions — which was an increase of 92 percent over February 2007. In San Bernardino County, 4,963 homes were involved in some kind of foreclosure activity last month, more than double the number a year earlier.
RealtyTrac, an online foreclosure-monitoring service, said in a report released Wednesday that Riverside County had the fourth-highest rate of foreclosures in the state, with San Bernardino County ranked fifth. In Riverside County, one in every 115 households was in some stage of foreclosure, compared to one in every 132 households in San Bernardino County.
…. more at the link…
Sorry, for those that think its bottoming, the housing crash is still on for a while to come.