Foreclosures hit lowest level since ’06

Foreclosures hit lowest level since ’06

Foreclosures and mortgage defaults fell during the first half of the year to their lowest levels since 2006, show figures released Tuesday from real estate tracker DataQuick.

The declines come at a time when the county’s home prices have risen to a 5½-year high and mortgage professionals are adjusting to a California law that protects homeowners from potential foreclosure abuses.

Foreclosures totaled 1,489 during the first six months of the year. That’s the the lowest half-year tally for the county since 2006, when 445 foreclosures were counted.

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