Inland Empire has second-highest foreclosure rate in nation during third quarter

RIVERSIDE - The Inland Empire had the second-highest foreclosure rate in the nation during the third quarter of the year, a real estate tracking firm reported today.

A total 20,504 mortgage default notices, auction sale notices and bank repossessions were recorded in the Riverside-San Bernardino-Ontario metropolitan area between July and September 2012, translating to 1 in 73 households in some stage of foreclosure, according to Irvine-based RealtyTrac.

The number of filings was 7 percent less than the total recorded in the second quarter and 22 percent below the year-ago quarter.

The Stockton...