Mixed report on foreclosures, default notices
Foreclosures have risen in 2010 but the numbers of default notices have sharply declined in Sonoma County.
Foreclosures have risen in 2010 but the numbers of default notices have sharply declined in Sonoma County.
Home sales dropped 3 percent from a year ago. The median price was unchanged but up almost 17 percent from June 2009.
Sonoma County’s real estate market saw a significant drop in the number of foreclosed homes and short sales in June compared to a year ago. But a panel of real estate specialists Tuesday wasn't trumpeting a turnaround.
Nearly one of every 14 homeowners was more than 90 days behind on their mortgage payments in May.
The Federal Reserve concludes homeowners don’t quickly walk away from underwater properties. Even so, one in five defaults in recent years was by those who could pay the mortgage but choose not to do so.
One in every 13 county homeowners was more than 90 days late on their mortgage payment in April.
Fourteen mortgage lenders and servicers will attend the free sessions in San Francisco and Oakland.
April home sales were down slightly from a year earlier, but fell nearly 25 percent lower than the historic monthly average.
The region follows a statewide trend with fewer filings of default notices in April. But ForeclosureRadar reports the overall volume of homes awaiting foreclosure is little changed due to a lengthening of time that it takes lenders to foreclose on properties.
One out of every 15 county borrowers was delinquent on the home mortgage.