Sept. 25--Continuing a trend, foreclosure rates in the four-county Sacramento region fell significantly in July from the same month a year ago, according to the latest report from CoreLogic.
Among outstanding mortgages, the rate of foreclosures fell from 2.43 percent in July 2012 to 0.98 percent in July of this year, the Irvine-based real estate information service said.
Foreclosure rates in the region have been falling for months as home values rise and the economy gradually improves.
July's foreclosure rate was lower than the national average of 2.43 percent.
The numbers of homeowners seriously delinquent on their mortgages in the Sacramento area also continued falling. In July, the 90-day delinquency rate fell to 3.5 percent from 6.41 percent in the same month last year.