In Riverside County and San Bernardino County, approximately one in every 32 households has received a foreclosure notice. Except for Las Vegas and Stockton, these are the highest foreclosure rates in the country.
The good news for Inland Empire residents is that, even though this statistic might suggest otherwise, foreclosure rates have declined sharply in Riverside and San Bernardino counties from August to September. This decline is almost entirely due to the new California state law requiring mortgage servicers and lenders to give homeowners 30 days to attempt to fix their troubled loans.
