Sales of homes facing foreclosure in the Sacramento region rose sharply during the second quarter as lenders looked to streamline the short-sale process.
Irvine-based RealtyTrac said a total of 4,912 homes in some stage of the foreclosure process were sold in Sacramento County during the three months ending June 30, a 10.8 percent increase from the year-earlier period.
Another 1,082 foreclosure sales closed in Placer County during the second quarter, an 11.3 percent jump. Foreclosure sales leaped 20.8 percent to 359 in Yolo County and were up 16.3 percent to 528 in El Dorado County.
Foreclosure sales now make up more than half of the sales activity in the region, where prices have fallen more than 50 percent since the start of the recession.
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