Riverside County had fifth-highest foreclosure rate in state in third quarter

RIVERSIDE - Riverside County had the fifth-highest foreclosure rate in the state during the third quarter of this year, a real estate tracking firm reported today.

A total 14,467 mortgage default notices, auction sale notices and bank repossessions were recorded countywide between July and September, translating to 1 in 54 households in some stage of foreclosure, according to Irvine-based RealtyTrac.

Figures showed the number of filings increased 1.4 percent from the second quarter, but were down 26 percent compared to a year ago.

Solano County ranked No. 1 in foreclosures, with 1 in 51 househ...