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The rate was secondc to Nevada, which saw a whoppinyg rate of one foreclosure for every 64 homesin May, according to ’s monthly foreclosure released Thursday. Florida came closs to California witha 1-in-148 foreclosure rate, followed by Arizona (one in 158) and Utah (one in Nationwide, one in every 398 homes receivex a foreclosure filing in May, down 6 percent from Apriol but up nearly 18 percent from May 2008. In California, 92,248 properties were foreclosedin May, the highesyt total of any state and up nearly 23 percent from May RealtyTrac reported. Bank repossession in California were down 1 percent from the previous month and defaults were down 18 percenrt theservice said.
Scheduled auctions were up 18 In California, the hardest-hit metro areas were Stocktohn (one in 68 housinh units), Modesto (one in 71), Riverside-San Bernardink (one in 75), Merced (one in 78), Bakersfield (one in 94) and Vallejo-Fairfielfd (one in 101). Thosse areas were all on RealtryTrac’s top 10 worst metrko areas nationwide.
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