Sonoma County foreclosures continue to drop

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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.

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