Riverside Foreclosures up 281%

The LATimes reports that Riverside Foreclosures are up 281% from this time last year. http://www.latimes.com/news/local/inland/la-me-foreclose1aug01,1,7794496.story?coll=la-editions-inland-news&ctrack=2&cset=true Given that foreclosures for the 2-3 years before that were at record lows (it's not much of an exaggeration to say that during this time their were virtually none) this statistic is largely meaningless. Yet here's the Times shouting out this headline.