Tuesday, July 22, 2008

Sonoma County Foreclosures Dip Slightly

California foreclosures rise at 6.6% but Sonoma County drop by 1.1%. Still too early to tell if this is the bottom as the numbers are very high when compared to year over year.

Foreclosure activity showed signs of leveling off in Sonoma County during the second quarter even as it continued to spiral to unprecedented highs in other parts of the state, according to a study issued Tuesday.

Lenders sent 1,376 default notices to Sonoma County borrowers who fell behind on their mortgages, down 1.1 percent from the first quarter, when lenders issued 1,392 default notices, according to DataQuick Information Systems, a real estate research firm.

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