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Number of Riverside County homes in foreclosure jumps last month

RIVERSIDE - The number of Riverside County homes that fell into foreclosure last month jumped by double digits, pointing to ''a bumpy ride down to the bottom of this foreclosure cycle,'' a real estate tracking firm reported today.

A total of 4,406 mortgage default notices, auction sale notices and bank repossessions were recorded countywide in May, translating to 1 in 182 households in some stage of foreclosure, according to Irvine-based RealtyTrac.

The county ranked No. 5 in foreclosures statewide.

The number of filings was 14 percent more than in April but roughly 6 percent below the level o...

 

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