Foreclosures Surpass Historical Average
"Foreclosure activity soared in Sonoma County at the end of 2006, the latest indicator of stress in the real estate market as more homeowners under financial distress face losing their houses."
"Foreclosure activity rises because households facing financial trouble may have more difficulty selling homes."
"The number of default notices lenders sent to Sonoma County homeowners more than doubled in the fourth quarter of 2006, compared with the same period in 2005, and was the highest in nearly a decade, according to DataQuick Information Systems."
"In the three-month period ending Dec. 31, lenders sent 323 default notices to Sonoma County homeowners, far surpassing the county’s historical average of 228."