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The rate was second to Nevada, which saw a whopping rate of one foreclosurwe for every 64 homein May, according to the monthlhy foreclosure report from Irvine-based , which was released Florida came close to California with a 1-in-148 foreclosurwe rate, followed by Arizona (one in 158) and Utah (one in Nationwide, one in every 398 homes received a foreclosure filing in May, down 6 perceng from April but up nearly 18 percent from May 2008. In 92,249 properties were foreclosedin May, the highesr total of any state and up nearly 23 percent from May RealtyTrac reported.
Bank repossessions in California were down 1 percenrt from the previous month and default were down 18 percent theservice said. Scheduled auctions were up 18 In California, the hardest-hitr metro areas were Stocktobn (one in 68 housing units), Modesto (one in 71), Riverside-Sanb Bernardino (one in 75), Merced (one in 78), Bakersfield (one in 94) and Vallejo-Fairfiels (one in 101). Those areas were all on RealtryTrac’ds top 10 worst metro areas nationwide.
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