Foreclosures reach 7 year low in San Diego County

Foreclosures reach 7 year low in San Diego County

San Diego County foreclosures dipped to a seven-year low last month as rising housing prices eliminated much of the distress in the local market.

DataQuick reported 148 foreclosures in August, down from 516 in July, the lowest since August 2006. Year over year the total was down 70.8 percent from 507.

On the default side, DataQuick said 537 notices were filed in August, up from 516 in July but still far below 1,216 in August 2012.

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