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Loan Modification

: Mortgage Lender Implode-o-Meter

Sonoma County foreclosures drop in fourth quarter

By Implode-Explode Heavy Industries

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The number of borrowers who lost their homes in foreclosure dropped for the first time in a year, falling nearly 8 percent from the third quarter to 541 homes, according to figures released Wednesday by San Diego-based MDA DataQuick.

Meanwhile, the number of borrowers who fell behind on their mortgages declined for the second straight quarter. Lenders issued default notices to 878 borrowers, a decline of 32 percent from the third quarter.

Full post as published by Mortgage Lender Implode-o-Meter on January 28, 2010 (boomark / email).

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