CA: Sacramento Foreclosures Dropped 20% in First Half of 2011

New foreclosures in the Sacramento region were down more than 20 percent during the first half of the year, following a trend of sharp declines in filings nationwide.

Irvine-based RealtyTrac said that notice of default filings – the first step in the foreclosure process – tumbled in the capital region to 21,721 in the first six months this year, from 27,275 a year earlier.

But the report also noted that the Sacramento area was the nation’s 10th most active market, as one in every 39 homes entered into foreclosure proceedings during the half.

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