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Monday, October 1, 2012

Sacramento area sees fewer foreclosures

Sacramento bee, Hudson Sangree Aug. 24, 2012
Foreclosures and foreclosure activity continued to fall in the Sacramento area in June compared with the same month last year, real estate tracking firm CoreLogic reported Thursday.
Foreclosures in the four-county Sacramento region represented about 2.4 percent of outstanding mortgage loans in June, a decrease of more than half a percentage point from June 2011 and lower than the national average of 3.3 percent in June 2012, the Santa Ana-based firm reported. The rate of foreclosures in the Sacramento was the lowest since January 2010, CoreLogic data showed.
The mortgage delinquency rate also fell in June, CoreLogic reported. About 6.4 percent of home loans were 90 days past due in June 2012 compared with 8.6 percent in June 2011, the firm said.
The rate of 90-day delinquencies in the Sacramento area has steadily fallen since January 2010, when it stood at nearly 12 percent.
clear skies,
Doug Reynolds

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