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The rate that families are losing their homes to foreclosure is easing in some parts of the Central Valley, especially where the mortgage meltdown came first and was the most ferocious, according to figures Thursday from real estate information company CoreLogic of Santa Ana.
But in other parts of the Valley, the rates are increasing.
Foreclosure rates in the Sacramento metropolitan statistical area, which includes the Arden-Arcade and Roseville areas, increased in April over the same period last year, according to CoreLogic (NYSE: CLGX).
The rate of foreclosures among outstanding mortgage loans was 3.30 percent for April, an increase of 0.08 percentage points compared to April 2009 when the rate was 3.22 percent.
Read more: http://www.centralvalleybusinesstimes.com/stories/001/?ID=15373&source=patrick.net
