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Local Foreclosures Drop
Local Foreclosures Drop

Local Foreclosures Drop

Foreclosures on outstanding mortgage loans in the Inland Empire measured .68 percent during November, according to data released Friday.

That was a drop of .19 percent year-over-year and was well below the national foreclosure rate of 1.17 percent for November 2015, Irvine-based CoreLogic reported in its monthly foreclosure report.

The Inland Empire’s mortgage delinquency rate also decreased last November: 2.52 percent of all mortgages in Riverside and San Bernardino counties were overdue by 90 or more days, down from 3.17 percent in November 2014, a drop of .65 percent, CoreLogic reported.

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