I.E. ranks No. 3 in foreclosure filings nationwide in third quarter
The San Bernardino-Riverside area ranked No. 3 nationwide in foreclosure filings from July to September, according to a Thursday report by Irvine-based RealtyTrac, a real-estate data services company.
A so-called "foreclosure filing" includes mortgage defaults, auction sales and bank reposessions.
"California accounted for six of the top 10, and Stockton took the top spot, with 3.69 percent of its housing units receiving a foreclosure filing during the (third) quarter," states a news release.
Bakersfield was No. 4, Sacramento was No. 7, Fresno was No. 9 and Oakland was No. 10.
"Foreclosure filings were reported on 765,558 properties during the third quarter, up more than 3 percent from the second quarter and 71 percent from the third quarter of 2007," the release states.
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