Sonoma County foreclosures continue to drop
Home foreclosures continue to fall in Sonoma County, with the number of properties sold in auction to banks or third parties declining 29 percent last quarter from a year earlier, according to PropertyRadar.
The Truckee-based real estate information company reported Monday that county property owners lost 45 homes to foreclosure in the three months ending March 31. That compares with 63 a year ago and 597 five years ago.
Last month only 6 percent of single-family homes resold in the county had been involved in a foreclosure or short sale, according to The Press Democrat monthly housing report. In contrast, such economically distressed property comprised two out of every single-family home resales in March 2009.