California Foreclosure Statistics
With Inland Empire foreclosures at pre-recession lows, Riverside County’s foreclosure rate dropped to No. 21 statewide in April. A total 1,403 mortgage default notices, auction sale notices and bank repossessions were recorded in April, meaning 1 in 566 households was in some stage of foreclosure, according to Irvine-based RealtyTrac.
Of those, 45 were from Palm Desert, according to data provided by the organization to Palm Desert Patch. In Palm Desert:
- One out of every 538 households received a foreclosure filing in April
- That number was down by about 25% from March 2013, and down 55% from last April.
- In April 2012, 100 households had been in default.