Sonoma County reported an 87 percent jump in default notices that were sent in August to homeowners who had fallen behind in their mortgage payments, according to ForeclosureRadar
Distressed sales made up 86 percent of all houses sold in Lake County in June, according to the California Association of Realtors. That rate was up from 62 percent a year earlier and was the highest rate among among 21 select counties surveyed.
Sonoma County builders pulled just 132 permits for single-family homes in the first seven months of the year, compared to 219 for the same period in 2009, according the Construction Industry Research Board in Burbank.
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.
The merger of calREDD and a Southern California multiple listing service will affect more than 33,000 real estate agents.
U.S. foreclosure filings set a new record. Data shows mixed results for Sonoma, Lake and Mendocino counties.