Foreclosure Rates Drop in Diamond Bar, Walnut in April

Both Diamond Bar and Walnut saw a decrease in foreclosures from March to April, with Walnut's rate falling nearly 44 percent.
The numbers come from data Irvine-based RealtyTrac recently released.
The dip for both cities is part of a continuing downward trend in foreclosure rates for the two towns.
Both have foreclosure rates below Los Angeles County. That's because countywide, one in every 325 homes is in foreclosure, according to the RealtyTrac.
A total number of 30 foreclosures in Diamond Bar and Walnut were recorded in April, 21 of them in Diamond Bar and 9 in Walnut, according to data the organization provided to Diamond Bar-Walnut Patch. Those figures are down from March, when 41 were recorded, 25 in Diamond Bar and 16 in Walnut.
In Diamond Bar:

• One out of every 738 households received a foreclosure filing in April.
• That number was down 16 percent from March 2013, and down 47.5 percent from last April.
• In April 2012, 23 households had been in default.

In Walnut:

• One out of every 1,426 household received a foreclosure filing in April
• That number was down 43.5 percent from March 2013, and down 67.86 percent from last April.
• In April 2012, 28 households had been in default.

Nationally, 144,790 properties slipped into foreclosure in April, a 5 percent decline from March and a 23 percent drop compared to a year ago, according to RealtyTrac.
California ranked No. 13 in U.S. foreclosure activity in April, with 16,161 properties going into default, or 1 in 843, according to RealtyTrac. The figure was 13 percent below the number of filings in March and 59 percent less than a year ago.
Nevada had the highest foreclosure rate nationwide, with 1 in 360 households in default last month.
–City News Service contributed to this report.