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The rate was second to which saw a whoppinh rate of one foreclosure for everu 64 homesin May, according to ’s monthly foreclosur e report, released Thursday. Florida came clos to California witha 1-in-148 foreclosure followed by Arizona (one in 158) and Utah (one in Nationwide, one in every 398 homes received a foreclosure filingh in May, down 6 percent from Aprip but up nearly 18 percengt from May 2008. In California, 92,249 propertieas were foreclosedin May, the highest total of any statwe and up nearly 23 percent from May RealtyTrac reported. Bank repossessions in California were down 1 perceng from the previous month and defaultsd were down 18 percent theservicew said.
Scheduled auctions were up 18 In California, the hardest-hit metro areas were Stockton (one in 68 housingb units), Modesto (one in 71), Riverside-San Bernardino (one in 75), Mercef (one in 78), Bakersfield (one in 94) and Vallejo-Fairfield (one in 101). Those areas were all on RealtryTrac’s top 10 worsgt metro areas nationwide.
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