Foreclosures in Riverside County

Lys MendezUP206A

Midterm Presentation

Top 10 Foreclosure regions of 20091. Las Vegas, NV2. Cape Coral- Fort Myers, FL3. Merced, CA4. Riverside-San Bernardino-Ontario, CA5. Stockton, CA6. Modesto, CA7. Orlando-Kissimmee, FL8. Phoenix-Mesa-Scottsdale, AZ9. Port St. Lucie, FL10. Miami-Fort Lauderdale- Pompano Beach, FLSource: Forbes Magazine

Television crews cover City of Perris’ efforts to paint green grass on foreclosed homes.

Perris code enforcement officers inspect foreclosed home. • Pictures from Riverside Press-Enterprise

4. Riverside County, Calif.With negative equity $1-$9,999: 538With negative equity $10,000-$49,999: 1,563With negative equity $50,000-$99,999: 752With negative equity beyond $100,000: 309Percent entering foreclosure with negative equity: 18.7%

Year Total homes

2002 1,703

2003 849

2004 349

2005 317

2006 1,779

2007 12,535

2008 32,620

2009 25,552

2010 20,712

Housing boom, housing bust

Riverside County foreclosure numbers

A family of bobcats moves into a foreclosed home in Lake Elsinore.

Impact of foreclosures on schools

Skills Used

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Next steps

Demographical analysis of foreclosures Changes in land use during housing boom Spatial relationship between sub-prime

lending and foreclosures Analysis of foreclosure recovery Resources near high-foreclosure areas