Thursday, September 13, 2012

RealtyTrac: Foreclosure filings fall in Sacramento region, state - Sacramento Bee

Foreclosure activity fell by double-digit percentages across the Sacramento region and statewide in August, compared with the same month in 2011, according to data released today by Irvine-based RealtyTrac.

In the Sacramento region, properties with foreclosure filings totaled 3,184, down 40.1 percent from August last year and a 16.8 percent decline from July. The region still ranked 11th on the national list of foreclosure rates, with one in every 274 homes having a filing.

Statewide, foreclosure activity decreased by 32 percent in August.

Despite that and a ninth consecutive month with a year-over-year decrease, California had the nation's third-highest state foreclosure rate, trailing Illinois and Florida, respectively.

RealtyTrac said one in every 340 California housing units had a foreclosure filing in August - twice the national average.

Read more Friday in The Sacramento Bee and at Sacbee.com.

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