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Lake Elsinore Foreclosure Rate Lower Than Murrieta And Wildomar

Although Lake Elsinore's numbers are more promising than the two nearby cities, in general the Inland Empire still remains a national troublespot in terms of distressed properties.

Across Southwest Riverside County, Wildomar had the highest foreclosure rate of any city during July, a real estate analyst said Thursday.

But Lake Elsinore, Murrieta and Temecula were close behind, and the Inland Empire in general remains a national troublespot in terms of distressed properties.

Daren Blomquist, vice president of the Irvine-based RealtyTrac, reported that in July, the counties of Riverside and San Bernardino remained the third-highest in the United States for default notices, auction sale notices and bank repossessions — that is, households in some stage of foreclosure.

Stockton is No. 1 in the United States and the Vallejo-Fairfield area is No. 2, he said. In the two-county Riverside-San Bernardino area, one in every 187 households is in foreclosure, he said. The southwest end of Riverside County has an even higher foreclosure rate.

Compare that with the national foreclosure average, one in 686 households, according to Blomquist.

Here are the local and regional breakdowns for July, according to the real-estate analyst:

  • Wildomar, 68 foreclosures, or one in every 147 households.
  • Lake Elsinore, 147 foreclosures, or one in every 151 households.
  • Murrieta's foreclosure rate was one in every 149 housing units, with 264 foreclosures. Murrieta Hot Springs, as measured by the area within the 92563 ZIP code, had a higher foreclosure rate than the rest of Murrieta: one in every 117 households.
  • Temecula saw 258 foreclosures, or one in every 152 households.
Teller of Truth August 10, 2012 at 05:47 PM
It's amazing how some people try to manipulate every article to further their own agendas & little pet protests.
Teller of Truth August 10, 2012 at 05:51 PM
Don't you know by now that everyone elses rules, do not apply to her? Thats what happens when you build your soapbox so high, the rules can not reach!
Teller of Truth August 10, 2012 at 05:55 PM
Didn't someone run & get shot down twice? This sounds more like sour grapes.
Teller of Truth August 10, 2012 at 06:28 PM
From what I've seen, the older residents don't want any changes & the blighted communities don't want to get involved. It will definitely continue to spiral down. The damage has already been done. The rest of the real world considers this area a dumping ground and for more than one reason.
Theresa August 10, 2012 at 07:37 PM
Hi Diana... unfortunately getting the property values up would make no difference, I have lived here for over 30yrs and I have seen everything that would of been good for this town shot down or ran out by the city councle and the water company. We use to have an ultra light park, "gone" because the city wanted them to kick down some big money, hand gliders use to land in the field hwy 74 and Grand, I use to tend bar at O'haras in the 80's and would stand at the door and watch them come down. Now just a bounce of houses that brought in too much traffic. 8 million dollars for a boat ramp, that will be just like the stadium. "money pit" Sizzler almost did not come in because the water company was going to charge them 140 something a chair,the only reason its here is because the developer payed for it. Bobs big boy did not make it.. The sweep really needs to be done on the city council and the water company. Like what do we need another low income housing project, unless its for the elderly, Like the one by main street its nice now but I give it 5yrs and and it is going to be another s--hole apartment complex. I could go on and on..everyone have a good day and beat the heat....:}
Constant Comment August 10, 2012 at 08:04 PM
Shouldn't bother Marfa now, its her nap time! }~)
Constant Comment August 10, 2012 at 08:10 PM
Its like building a mansion on Skid Row, thinking that its gonna get better in the future. It wont. }~(
Diana August 10, 2012 at 08:14 PM
@teller, it really saddens me that LE has the reputation that it does and I am thankful that we are in the unincorporated area actually Cleavland Forest, however my tax dollars are spent in LE and what goes on there effects my property value. I agree with Theresa in so many ways and have felt and seen the disappointment, I guess the best we can hope for is new meat in City Hall that care about seeing improvements.
Ron Wilkens August 10, 2012 at 08:22 PM
I heard there are 8 foreclosures pending in Alberhill Ranch, and a new round of foreclosures will be starting shortly, because of the high high Community Facility Taxes (aka mello-roos) which the people are paying. The CFD's continue to be under estimated, when people are looking at buying a new house from the builder.
Teller of Truth August 10, 2012 at 08:27 PM
@Diana, Yes sad but true. This city would need a resurrection of biblical proportions! I haven't seen anyone even remotely qualified around here, have you?
Kathy Szubota August 10, 2012 at 10:35 PM
Martha, I voiced my concern about housing and taxes to the city council. I got shot down and ridiculed. (I know how you feel...deaf ears at the council and their supporters are quite nasty) I pay more in Mellos Roos and special assessments than I do on actual property taxes? This market is so upside down that those of us who choose to stick it out and stay are really having second thoughts, we are not happy even with a small tax increase, especially since I believe as others, there is another way to fund the parks. The council told me that this tax will increase my property value. Hardly, I live nowhere near the parks. I'm stuck with an underwater house with taxes high enough to pay for a half of a million dollar home in an area without high Mello Roos and special assessments.. (mine now is $250,000, paid $475,000) My community is filled with investor owned properties that rent out, which does not help increase values or HOA's renter to owner ratios. Pretty soon lenders won't lend on them due to these ratios. Already a problem for many condo HOA's Homeownership has declined to a 15 year low according to wall street journal inspite of low interest rates.(1997 levels) No wonder people strategically default, makes no sense financially. Gas prices going up, higher utility rates, food prices rising due to the draught, medical costs rising, but.....we will have a park. Some may need it to camp out at.
Martha L. Bridges August 10, 2012 at 11:21 PM
Teller of Lies, I didn't win, thank heavens, but over 2,000 people liked what I said enough to voter for me. That encourages me to continue to look after them and Wildomar. So much for sour grapes!
Teller of Truth August 10, 2012 at 11:26 PM
Martha writes an entire article about the hydro towers problem, urging everyone to take a stance & show up to the meeting last night. Did she even bother to go? Oh hell no! Martha, you are nothing but a grand standing fraud! You should be a carnival barker & stop manipulating people on here just to do your bidding for you for your own underlying issues! You ought to be ashamed!
Martha L. Bridges August 10, 2012 at 11:33 PM
ASCS, I've a long memory, and distinctly recall your nasty bullying from the last two elections. Heal yourself before presuming to tell others to do so. If you don't like what I say, feel free to ignore it.
Teller of Truth August 10, 2012 at 11:37 PM
You don't even show up for the meeting that you encourage others to attend! You are a fraud!
Martha L. Bridges August 10, 2012 at 11:39 PM
Nothing little about the protests they are dead serious. Read the comment below from KS. I get calls all day long expressing the same concerns and disappointment with the city council. Citizens shy away from attending council meetings because of the dispicable behavior that the council displays towards anyone who challenges their decisions/wishes. Being ridiculed and shot down by the very people who were elected to serve us is pretty disturbing. Just like it is a known risk that if you speak up or express a different opinion here on the Patch you can almost be guaranteed that certain people will come back at you with nasty comments.
Diana August 11, 2012 at 12:15 AM
@teller, no I haven't seen anyone around that actually could qualify and who ever is chosen I am sure that person will be as crooked with their own agenda as those that have presided before them them. I think that the Council members in both Wildomar and Lake Elsinore show have their a@@ kicked. Wildomar just as Lake Elsinore does have some very nice homes in the area but it is unfortunate that LE has more bad neighborhoods then good. We are experiencing an influx of people from east LA, Compton and Long Beach, I have noticed a strong presence around the low income apartments on Lincoln, Grand and Riverside Dr. My thought has always been that anything beyond Machado towards the Lake is ghetto. Our City doesn't fix it, they breed it. I suppose sometime in the future we will suck up the loss on our home, move our business and get the hell out of here, fortunately for us we can still serve the race industry with what we do from anywhere, what a shame that it must be this way.
Diana August 11, 2012 at 12:19 AM
@2 Friends, that is because the realtors lie to everyone, just like when we bought 20 years ago, LE is going to be the fastest growing area in SW Riverside County. It will turn around and become the resort town it once was, with five star Hotels and boat launches in the near future. Planned neighborhoods, shopping malls, water parks and blah, blah, blah, blah. We should of kept looking about 25 mins down the road in either direction.
Teller of Truth August 11, 2012 at 12:29 AM
@Diana, sad but true. I'm looking at places up Montana way. It'll be a while before the "influx" reaches there. Its more important to spend the rest of my days happy than to beat my head up against the wall trying to fight those crooked s o b's! Take care.
Diana August 11, 2012 at 02:20 AM
@teller, I always used to say I was going to move to Mazula (sp) Montana and change my name to Zelda Girchbottom, so no one would no me. Then I found out from a friend who married a girl from there that the very town I wanted to go to was a meth town, go figure...LOL
Constant Comment August 11, 2012 at 02:49 AM
The only thing "disturbing & nasty" on here is your total lack of respect for yourself & others Marfa.
Constant Comment August 11, 2012 at 02:53 AM
Same goes for you too Marfa!
Constant Comment August 11, 2012 at 02:58 AM
Absolutely NOBODY is encouraging you to look out after the citizens of Wildomar! You know that there is therapy for people with such dilutions? Seek some help!
Teller of Truth August 11, 2012 at 05:19 PM
Too late! Martha has revealed herself as the TOTAL FRAUD that she is! The ONLY thing dimwitted here, is her feeble attempt at trying to spin this around that we are all a group of city council people OUT TO GET HER! TRUTH is; you don't have to be sitting on any dais to see what a complete phoney she is!
mike August 11, 2012 at 06:16 PM
I have lived in LE for almost 30 years. I have seen for the lack of a better word it grow. There has never been a since of community in this town, I remember chili cook-offs at the main street park with maybe 20 people attending. I live north of machado, and my area has gone down hill for the last 5 yrs. I have seen our planning commision bully people with good ideas into pulling up stakes and leaving. In my area the new dream extreme elsinore has only brought in the 20 somethings with to much money that party all night long with racing up and down the streets and keeping people up all night. I have friends and relatives visiting from other states that are afraid to visit our main street shops because of the day laborers hanging out. Whats up with that???. This town has a great potential. I have attended many city council meetings and planning commision meetings over the years and can count on 1 hand the power people, and on one hand the community members that really care. The power people usually win and the people that care seem to be labeled as fanatics. I have friends that have mbeen here thier whole lives some of them related to the founders of this town and even they have given up. They say "you think it's bad now you should have seen it 50 years ago!"
mike59 August 11, 2012 at 06:18 PM
I have lived in LE for almost 30 years. I have seen for the lack of a better word it grow. There has never been a since of community in this town, I remember chili cook-offs at the main street park with maybe 20 people attending. I live north of machado, and my area has gone down hill for the last 5 yrs. I have seen our planning commision bully people with good ideas into pulling up stakes and leaving. In my area the new dream extreme elsinore has only brought in the 20 somethings with to much money that party all night long with racing up and down the streets and keeping people up all night. I have friends and relatives visiting from other states that are afraid to visit our main street shops because of the day laborers hanging out. Whats up with that???. This town has a great potential. I have attended many city council meetings and planning commision meetings over the years and can count on 1 hand the power people, and on one hand the community members that really care. The power people usually win and the people that care seem to be labeled as fanatics. I have friends that have mbeen here thier whole lives some of them related to the founders of this town and even they have given up. They say "you think it's bad now you should have seen it 50 years ago!"
Diana August 11, 2012 at 06:38 PM
I think that anyone that attends the Council meetings or contacts anyone in City Hall are given nothing but lip service by those in charge with no follow up. I would be curious if the City Council actually did anything on Lake St after the Mother of the young man that was killed there a while back stood in front of them pleading for those in charge to provide safety to this area. A Council member once told me that they have no control over the businesses that open here, I asked how could that be possible you do issue the license and permits? Magee has personally taken the historic Grand Prix off the streets of Lake Elsinore, there isn't anymore Street Fair or Car Shows because the merchants in little Tijuana (Main St) didn't want it anymore? As residents we should have a huge say in what WE want. You want us to spend our tax dollars here, where? Target, Walmart, the few shops at the Outlet Mall? Hey, i'm excited there is a new dollar store going in on Riverside, that makes three of them now. How about giving us somewhere to shop, eat and be entertained? Pathetic
mike August 11, 2012 at 07:12 PM
I know how about a check cashing/ payday loan co. next door? The city did do brush clearing and tree trimming on lake st. over the last couple of weeks. Maybe to little to late. I'm not sure it would have made a difference. what a sad accident. I broke down on lake street 15 yrs ago and it was a dark scary walk at night. What happened to the widening? Thats right alberhill who was supposed to do it bailed. I hope my posts are coming up. I just joined and am still a little illiterate here. HAHA
Martha L. Bridges August 12, 2012 at 01:15 AM
Perhaps the Wildomar city council should avail themselves of mental health services? OMG then the taxpayers would have to pay for it - oh, I guess we already do!
Constant Comment August 12, 2012 at 01:42 AM
MARFA WROTE: "Perhaps the Wildomar city council should avail themselves of mental health services!" under the LE Foreclosure rate @ 6:15 pm Sat. Aug. 11. Now before she erases it, please note that some of us get these new email notices in oue in boxes. Now boys & girls.......I ask you.....did it take too long to see this persons true colors? }~)

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